MSCI Emerging Market index

BNP Paribas sees India underperforming EM peers in 2023, excludes ITC, Infosys

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BNP Paribas sees India underperforming EM peers in 2023, excludes ITC, Infosys

BNP Paribas expects Asian equities to outperform developed markets in 2023, but has downgraded its rating on India to “neutral” from “overweight” due to stretched valuations. Within the emerging market pack, BNP Paribas expects India to underperform other markets against the backdrop of the steep up-move seen in 2022. Currently, the BSE Sensex is trading … Read more

Foreigners return to Indian equities on hopes over earnings

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Foreigners return to Indian equities on hopes over earnings

Foreigners are returning to Indian stocks after dumping them in the first half as they look for higher returns amid expectations that major central banks will slow their hiking cycles as price pressures ease. Fears of an economic recession have lifted hopes that central banks will dial back or even halt the rate hikes to … Read more