As India remains one of the few countries that taxes foreign portfolio investors on the gains made in the country’s equities, some market participants said reduction in these taxes could make Indian equities more lucrative for these investors.
So, part of it is the valuation, but the earnings of the companies will definitely get impacted and maybe the earnings results have not yet
The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts
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