From Zacks: India’s GDP grew 8.2% in the first quarter of fiscal 2019, marking the strongest growth rate since first-quarter 2016. The rate was above 7.7% in the previous three months as well as market expectations of 7.6%.
From Zacks: After a solid rally last year, India ETFs have slowed down this year. The pain was rather brutal in the small-cap space, thanks to overvaluation concerns.
From Dana Lyons: India’s stock market is potentially carving out a chart pattern that has proven bullish in the past.
From Zacks: On account of the rising dollar prices, the Indian rupee has been trending down since the beginning of 2018. On May 7, the currency went down to its lowest in 15 months and was trading at 67.13 against the dollar.
From BlackRock: Rising trade risks do not shake the strong case for emerging market equities. Richard explains, highlighting India as an example.
From Zacks: India’s economy registered strong growth in the December quarter of 2017. However, recent times have been turbulent for the market, as various concerns at the global level have been weighing on investor sentiments across the globe.
From Zacks: India’s factory activity increased at its fastest pace in five-years in December, driven by an expansion in output and new orders. This is indicative of an extended recovery in India’s economic growth, following the positive GDP growth in the September quarter.
From Zacks: Consumer prices in India increased to a 15-month high in November, owing to a surge in food and oil prices. On a year-over-year basis, retail inflation increased to 4.88% in November compared with 3.58% in October, breaching India’s central bank’s 4% target.
From Zacks: The Reserve Bank of India (RBI) kept the interest rate unchanged at 6% in its October monetary policy meeting. This decision was widely expected by the markets and led to a rally in stocks in the subcontinent.
We have devoted some coverage lately to Asian markets amidst the recent slide in global equities, but one country that we have not touched upon recently is India.
From WisdomTree: I recently covered the ongoing structural changes in India that stand to benefit equities in the long run.
From Zacks: India’s manufacturing activity hit a four-month low in June 2017 owing to fewer new orders. The Nikkei India Manufacturing Purchasing Managers’ Index came up with a reading of 50.9 in June compared with 51.6 in May. A reading above 50 indicates expansion.
From Zacks: India ETFs have been on a tear lately on economic optimism. Solid GDP data defying demonetization, the victory of the pro-growth prime minister’s party in some state elections, implementation of goods-and-services tax or GST from July, a weaker greenback and still-sloid inflows from retail investors are driving Indian stocks.
Terry Ruffolo and Neena Mishra of Zacks Research discuss the huge upturn in India ETFs this year, driven by strong performance of Indian stocks as well as emerging markets in general.
India’s two major stock market indexes closed lower on Friday, paring their weekly gains, after the U.S. air strike on Syria rattled global investors.