Pakistan’s stock market has surged over 40% this year, outperforming India’s relatively subdued 9% return. This rally is driven by retail investors shifting to equities amid low returns elsewhere and improved economic sentiment, with two ratings agencies upgrading the country. Indian markets faced headwinds from foreign investor outflows due to developed market performance and currency concerns, alongside slower earnings growth.
Crude oil shock clouds near-term outlook, but FY27 earnings growth still intact: Karthikraj Lakshmanan
UTI AMC’s Karthikraj Lakshmanan sees cautiously optimistic Indian market outlook with intact FY27 earnings trajectory, despite near-term crude oil volatility. Macro pressures from rising oil