A record stock-market valuation and surging foreign inflows make for a great backdrop as Prime Minister Narendra Modi looks to tout India’s growing prominence to world leaders at this weekend’s Group of 20 summit in New Delhi. Boosted by one of the world’s fastest growing economies, solid corporate earnings and an unprecedented retail investing boom, … Read more
The relentless plunge in China’s stocks has burnished the appeal of their biggest emerging-market rival India, spurring a divergence that’s rarely been seen before. The MSCI India Index rallied almost 10% in the just-ended quarter, compared with a 23% slump for the MSCI China Index. The 33-percentage point outperformance by the India gauge is the … Read more
MSCI praised the Indian government’s decision to revamp the limit monitoring mechanism for FPIs. Synopsis India is a part of several MSCI indices including the much-coveted MSCI Emerging Markets index where the country holds 10% weight and is the fourth-largest constituent after China, Taiwan and South Korea. Separately, MSCI also maintains an India-specific index and … Read more
MUMBAI: Continuing foreign inflows –$8.1 billion YTD — has driven up the valuation premium of MSCI India index past 55 per cent and 12 per cent against MSCI Emerging Markets and MSCI World indices, respectively, by mid-June, according to a brokerage report. The domestic market has been the best performer globally YTD (year-to-date), with the … Read more