![]() ![]() But much of that growth is already priced in. Almost 77% of the stocks in the Indian index are trading at higher than their pre-pandemic average valuation, compared with 41% for Asia ex-Japan, according to Nomura, which downgraded Indian equities over the weekend. ![]() At the moment, however, the stock market is still concentrated in financials, energy and IT outsourcers.Ĭorporate profits are also expected to rebound strongly in coming quarters as the situation surrounding Covid-19 has improved. ![]() Several Indian unicorns-startups valued at more than $1 billion-are coming to market soon, which will change the landscape of the Indian market and boost its weighting in global indexes. Inflows into regular mutual-fund investment plans hit a record $1.4 billion in September, according to the Association of Mutual Funds in India.Īn Indian tech stock boom has also boosted sentiment, even though many tech stocks have yet to list. The National Stock Exchange of India said it has more than 50 million unique investors, and has added 10 million in the past half year or so. ![]()
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