Indian stocks have emerged as the best performers among the BRIC nations as well as developed markets across the globe, giving investors highest return of nearly 114 per cent in the just concluded 2009-10 fiscal.
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GEM fund managers more overweight on India than ever before says Bofa-ML report.
According to an analysis of MSCI Barra indices, a measure of returns from various stock markets across the world for foreign investors, Indian stocks have given the second highest return after Russia among the four BRIC countries during last month. Indian stocks have provided a return of nearly 19.54 per cent in April, while China and Brazilian markets have given 10.87 per cent and 18.89 per cent respectively.
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
The first was wholesale funded banks and non-bank finance companies.
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
The Indian government and RBI must keep foreign equity investors happy and avoid crushing growth expectations, notes Akash Prakash.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Indian funds did better than Asian ones in only four of the 10 months -- till October. Despite much market optimism, presumably around policy interventions and guided by buoyant flows, India's macro backdrop may be turning for the worse.
Market breadth depicted strength. There were almost 3 gainers against every loser on BSE
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
Beijing did not announce expected policy support over the weekend
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
Asia's falling stocks have triggered an exodus of funds from the region.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
'As the interest rates rise, people are going to say why should I be taking big risks when I can get 4 to 5 per cent in a bank account.' 'So, I think you have to change your thinking.' 'You need to look at the balance sheet, look at dividends.' 'These issues that have been ignored.'
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
The top four countries account for 60.3% of the total worldwide HNWI population.
Asian stocks sagged on Monday, with risk sentiment dampened as Shanghai shares wobbled after the Chinese markets resumed trading following a four-day long weekend.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
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