The underlying Indian equity market may have underperformed during the first quarter, but if foreign fund flows are any guide, then the second quarter is looking strong say Indian specialists.
The believe the equities market has reached a pivot point, whereby underlying economic strength and global trade concerns will increasingly play in India’s favour after a first quarter marred by volatility and continuing EPS downgrades.
On the plus side, India was on the receiving end of strong net foreign portfolio inflows amounting to $2.25 billion during the first quarter. Only Malaysia also recorded positive inflows across the rest of Emerging Asia ex-China..
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