In recent years, investors bullish on Indian equities have cited the promise of policy reforms and rapid economic growth under Prime Minister Narendra Modi to justify its record premium over emerging-market peers. Now, with the leader facing coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. … Read more
Just as enthusiasm over artificial intelligence and China’s stimulus fades, a familiar weakness has come back to haunt equity investors in emerging markets: sinking corporate profits. With 96% of companies in the MSCI Emerging Markets Index done with their quarterly results, the earnings season is almost over. And the picture isn’t pretty — Almost half … Read more
Mumbai: Credit Suisse has downgraded its India position to ‘underweight’ from ‘overweight’ due to high oil prices. Terming the downgrade as ‘tactical’, Credit Suisse said it will use the funds freed from India to raise its China and Australia position to ‘overweight’ from ‘market weight’. “Because of its strong structural prospects and robust earnings per … Read more
New Delhi: Overseas investors were net buyers to the tune of Rs 1,210 crore in Indian markets in the first five trading sessions of August on the back of domestic factors. In equities, they invested Rs 975 crore during August 2-6, as per depositories data. In the debt segment, foreign portfolio investors (FPIs) pumped in … Read more