Over 50 per cent, or 660 stocks, from the BSE 1000 index recorded negative returns during CY25.
'We continue to view India as a standout within EM.'
'This can eventually start the end of the current market frenzy, which has lasted for a full year.'
While the markets have factored in a number close to 350 for the BJP and almost 400 for the NDA, 50 seats fewer could trigger a market correction
The rally in Indian mid-and smallcap indices thus far in calendar year 2024 (CY24) has been the best in class across the world, eclipsing the global FTSE benchmarks, and also out running peers from other leading world stock markets. This is despite the correction in the mid-and smallcap segments back home seen in the last few days, triggered by valuation concerns, geopolitical developments amid nervousness ahead of the July - September 2024 (Q2-FY25) corporate results season.
'As we expect the economy to continue to grow above the trend line, we expect capex decisions to be taken next year when there is more certainty about the cost of funding and the economy.'
'Markets are not prepared for a slowdown as the current expectation is of the continuation in earnings momentum.'
Analysts expect firms to shift focus to online platforms to boost sales in these Covid-19-impacted times.
'France's challenges revolve around an uncertain economic future, multiple terrorist attacks on French soil and a European migration crisis tied to the situation in Syria and Iraq.'