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BlackRock Sees Bright Future for Indian Equities
2 Jul
Summary
- Foreign investor selling in India may be concluding.
- India's stock valuations are now more reasonable versus emerging markets.
- Encouraging earnings forecasts expected for India over next six to twelve months.
BlackRock strategist Ben Powell sees a more constructive outlook for Indian equities, anticipating a potential return of foreign investment following a recent downturn. Powell indicated that the period of foreign investor selling in India might be concluding.
He noted that India's stock market valuations have become more reasonable when compared to other emerging markets. This shift, coupled with encouraging earnings forecasts for the next six to twelve months, supports his positive view on Indian equities.
Powell maintains a neutral stance on emerging market equities overall but sees a tactical preference adjusting towards Indian equities in the coming six months. He also commented on the AI boom and US bond yields, suggesting a cautious yet constructive perspective on the global market.
