From mint · · 1m
India Stocks Gain Edge as Asia Wavers
Stronger Indian earnings and foreign investor returns boost stock performance amid Asian market dips.
In brief
Stronger Indian earnings and foreign investor returns boost stock performance amid Asian market dips. Indian equities rose 6% as earnings upgrades and foreign inflows strengthen their case for outperformance against waning Asian markets. Originally reported by mint.
Earnings Boost
Indian equities gain edge in Asia as stronger earnings and foreign investor returns bolster outperformance case.
Earnings Growth
Two-thirds of BSE 100 companies reported 20% higher profits year-on-year in September quarter.
Market Shift
Nifty 50 rose 6% since Oct. 1 as MSCI Asia Pacific Index fell 7.5%.
Investor Activity
Foreign investors net bought shares for three weeks after withdrawing $30 billion this year.
Strategists' View
Rajat Agarwal calls India a 'pocket of resilience' amid AI trade concerns and strong US election results.
“pocket of resilience”
Risks Ahead
High oil prices threaten inflation, profit margins and the rupee as it neared record low.
The bottom line
Indian equities rose 6% as earnings upgrades and foreign inflows strengthen their case for outperformance against waning Asian markets.
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