* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, August 27, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

After a stellar 2023, Indian markets are set to pause until the general elections

January 16, 2024
in General
After a stellar 2023, Indian markets are set to pause until the general elections
Share on FacebookShare on Twitter

Indian equity benchmarks the Nifty 50 and BSE Sensex have rallied by more than 6% since the state elections.

Sopa Images | Lightrocket | Getty Images

The Indian stock markets rallied to new highs in 2023 on the back of bullish investors and stronger domestic participation. But analysts warn that the level of optimism seen last year will not be replicated before the general election concludes. 

Indian equity benchmarks the Nifty 50 and BSE Sensex have rallied by more than 6% since the state elections concluded in the first week of December with Prime Minister Narendra Modi’s Bharatiya Janata party winning three of four states. 

Both the Nifty and Sensex hit record highs of 22,081.95 and 73,000, respectively, during Asia’s Monday afternoon trading session.

The country is set to hold its general election between April and May. 

“The BJP victory has already been priced in at this point. There were many question marks around the party’s victory before the state elections, but a lot of that has gone away,”  Peeyush Mittal, portfolio manager at Matthews Asia said. 

The stock markets have factored in “a lot of positives” and investors might only see a single-digit return of 3%-5% before the election kicks off, Mittal told CNBC in a phone interview. 

In the past five general elections, Indian markets have climbed an average 18% six months prior, 8% three months before, 2% in the months after the results, and 10% half a year later, said Shantanu Bhargava, managing director and head of listed investments at Waterfield Advisors. 

“If you were to compare it with the historical average, a lot of returns have already been discounted … and the victory of the current government is already discounted in the market,” he said, adding that the markets have been “priced to perfection.”

The next rally

So when could investors see another big rally in the Indian markets? 

Analysts believe that will only happen when the Reserve Bank of India cuts interest rates, which is likely in the second half of the year.

“If [the RBI] believes that inflation is going to go down durably, then we might see some action in the second half of this calendar year, but it is also completely dependent on the trajectory of consumer price inflation in India,” Waterfield Advisors’ Bhargava said. 

Inflation in the South-Asian country stood at 5.5% in November, and Reuters poll foresees it coming at 5.7% in December — still higher than the central bank’s 4% target. 

Earnings momentum in India is 'superior' to other emerging markets': Financial services firm

A “harder rally” may come about if the narrative around interest rates becomes more “benign,” and rate cuts from the U.S. Federal Reserve and the RBI happen,” Mittal pointed out.

Higher investments into India

The confidence in the economy will also boost investments into the country. 

India’s largest automaker, Maruti Suzuki, announced Wednesday that it would invest $4.2 billion to build a second factory in the country. Vietnamese electric auto maker VinFast said earlier this week it aims to spend around $2 billion to set up a factory in India as well. 

The southern Indian state of Tamil Nadu has confirmed that Apple suppliers such as Tata Electronics and Pegatron, have plans to invest more than $4.4 billion in the state, as the iPhone maker strives to diversify supply-chain away from China. 

Expect strong foreign inflows to Indian markets in 2024, says hedge fund manager

Andrew Holland, CEO of Avendus Capital Alternate Strategies, told CNBC’s “Street Signs Asia” last week that he expects $100 billion in inflows to India this year, especially as the country is set to be included in J.P. Morgan’s Government Bond Index-Emerging Markets index in June. 

According to India’s National Investment Promotion and Facilitation Agency, the country received $71 billion in foreign direct investments in its last financial year which ended March 2023.

India, however, still has ways to go in its infrastructure to show the world it can handle all the interest that is coming its way. 

“The poverty you witness straight out of the Bombay or Delhi airport prevents people from having a high conviction bet,” said Praveen Jagwani, CEO of UTI International.

Sectors to watch

Analysts that spoke to CNBC agreed that Indian markets are currently overvalued, but there are still sectors that hold promise.

“There’s a tremendous financialization of savings in the country away from physical assets into more financial assets,” said Matthew Asia’s Mittal. 

While “pockets of the market” are fully valued, financials and consumer staples are still undervalued sectors that are poised to do well this year, said Vontobel Asset Management’s Chelat.

“Financials could potentially do well given that it’s relatively cheap, is generating good growth and has lagged the broader rally,” Chelat told CNBC in a Zoom interview. “And if you see consumption picking up in the rural markets, consumer names that have somewhat lagged could also rally.” 

A HDFC Bank branch in Mumbai, India, on Friday, April 14, 2023.

Bloomberg | Bloomberg | Getty Images

Among financial companies, Chelat prefers HDFC Bank, as its merger with India’s biggest mortgage lender Housing Development Finance Corporation has increased the lender’s mortgage penetration. “It’s at the cheapest it’s been for a number of years now,” he adds. 

In the consumer space, Chelat said Eicher Motors is a name that “continues to exceed expectations” as it has a good runway both domestically and in the export markets. 

“They have seen very good growth in the festive season which indicates competition in the two wheeler premium segment has grown.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CNBC – https://www.cnbc.com/2024/01/16/indian-markets-priced-to-perfection-not-much-upside-ahead-of-elections-.html

Previous Post

Elon Musk wants more control of Tesla, seeks 25% voting power

Next Post

Ariana Grande Releases ‘Yes, And?’ Extended Mix on iTunes, Amazon Music

In a post-truth world, what happens if we can’t trust US economic data any more? – The Conversation

What Happens When We Can No Longer Trust US Economic Data in a Post-Truth Era?

August 27, 2025
Lagarde says Europe’s economy would be even worse without the immigrants who moved in after the pandemic – Fortune

Lagarde: Post-Pandemic Immigrants Are Vital to Europe’s Economic Strength

August 27, 2025
Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

Do You Love Taylor Swift or Not? Share Your Thoughts!

August 27, 2025
U of M survey finds Minnesotans concerned about health of lakes, rivers – MPR News

Minnesotans Raise Alarming Concerns About the Future of Their Lakes and Rivers

August 27, 2025
With Texas and California redistricting, both parties are making a 2026 gamble – CNN

With Texas and California redistricting, both parties are making a 2026 gamble – CNN

August 27, 2025

Washington Department of Ecology Seeks Community Feedback on Drayton Harbor Cleanup Plan

August 27, 2025
Nebraska fairgoers learn about the science and art of circus at The Circus Science Spectacular – KSNB

Nebraska Fairgoers Dive into the Science and Art of Circus at The Circus Science Spectacular

August 27, 2025
Too much salt can hijack your brain – ScienceDaily

How Too Much Salt Hijacks Your Brain and Threatens Your Health

August 27, 2025
Oncologist warns ‘men are at higher risk of dying from cancer’; shares warning signs, lifestyle tips that can save lives | Health – Hindustan Times – Hindustan Times

Oncologist Reveals Why Men Face Higher Cancer Risks and Shares Life-Saving Warning Signs and Lifestyle Tips

August 27, 2025
US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

Rising Tensions Put US-South Korea Technology Partnership to the Test

August 27, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (792)
  • Economy (812)
  • Entertainment (21,691)
  • General (16,700)
  • Health (9,853)
  • Lifestyle (825)
  • News (22,149)
  • People (812)
  • Politics (820)
  • Science (16,022)
  • Sports (21,311)
  • Technology (15,792)
  • World (794)

Recent News

In a post-truth world, what happens if we can’t trust US economic data any more? – The Conversation

What Happens When We Can No Longer Trust US Economic Data in a Post-Truth Era?

August 27, 2025
Lagarde says Europe’s economy would be even worse without the immigrants who moved in after the pandemic – Fortune

Lagarde: Post-Pandemic Immigrants Are Vital to Europe’s Economic Strength

August 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version