Analysts at Morgan Stanley see EM equities 'struggling' in 2022 as they battle gradual tightening of global and local monetary conditions and several other idiosyncratic headwinds
Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact
Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others
Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
The domestic benchmark indices extended their gains to the third day in a row on Monday
The consensus earnings for the current fiscal (FY22) are projected to grow by an outsized 35-40 per cent on the back of a relatively weak earnings profile in the previous year, he said
The overall economic and market set up is conducive for the mid-market segment to continue doing well, he said
While we remain an economy, which has its own strengths and weaknesses, capital flows remain democratic and in the near term they will behave in a synchronous manner
Besides India, experts say given the robust broad-based economic recovery, FIIs/FPIs can look towards China. Other emerging markets, they say, are yet to recover from the pandemic-induced sluggishness
The domestic unit slipped to 75.13 versus the US dollar, a level seen in August last year
Markets, Nomura believes, are dealing with three headwinds - the resurgence of Covid-19 cases; inflationary pressure with the rise in commodity prices; and rich valuations
India recorded the highest ever FII inflows of $37.6 billion in financial year 2021, greater than the cumulative inflows of the last six years
FM Nirmala Sitharaman announced Rs 1.18 trillion-financial allocation for the highways sector in Budget 2021. However, any delay in roll out of such growth-driven projects may wear-off the bull-run
A key trigger for the increased retail participation in equities has been the lockdown triggered by Covid-19 that saw investors channelizing their savings to capital markets in search of better return
While overall FII sentiment has been positive, thanks to the low interest rate regime, India has managed to bag more than its fair share of overseas flows
The total outflow from mutual funds went up to Rs 2.35 trillion till March 29; bond yield spike led to redemption pressure
Eighteen out of 27 Nifty companies that have reported quarterly earnings so far this season have beaten or matched the average analyst expectations
Prime Minister Narendra Modi is attending the Future Investment Initiative, dubbed 'Davos in the desert', in Saudi Arabia
As against brokerages' estimates of a 12% growth, Nifty earnings growth has been a tepid 5%