Indian stock valuations are lower, but earnings have disappointed, limiting re-rating potential. Global capital’s return to India is not yet a major turn, according to Paul Wilson. Higher US Treasury yields make emerging markets like India more challenging tactically. Financials and specific IT companies are seen as favorable investment areas within India. The Indian rupee’s future movement largely depends on US dollar trends and policy decisions.
New closing auction triggers confusion, sparks late Nifty swings
Market participants faced confusion during the new auction system’s debut. Indices and stock values diverged significantly, catching traders by surprise. The new system determines closing