Since JP Morgan announced the inclusion of Indian sovereign bonds in its global debt indices, foreign investors have injected ₹1.5 lakh crore into the local market. The Federal Reserve’s recent rate cut may further boost these inflows, enhancing interest in Indian assets due to favorable economic fundamentals and a wider rate differential.
Manishi Raychaudhuri on factors that will dictate the market in next few months
If one looks at the undervalued pockets, at least the sectors which are fundamentally good over the long term, but have underperformed in the near