With a consistent history of 10-12 percent USD CAGR over the last 10 and 20 years, India is now the 5th largest equity market and its market capitalisation will likely touch $10 trillion by 2030, believes global brokerage house Jefferies.
Chris Wood of Jefferies, in his latest Greed and Fear report said that fundamental structural reforms have changed India’s macroeconomic factors, which makes the country the best equity story in the world.
Indian equities face challenges beyond high valuations as earnings disappoint, foreign investors sell off, and rival markets gain appeal amid expectations of a dovish US Fed policy.
India Business News: Investors are becoming cautious about the crowded India trade after a run-up. The article discusses the challenges faced by Indian equities and the factors impacting investor sentiment.
Shares of Federal Bank shed 8 percent in intra-day deals on Tuesday as investors booked profit in the lender amid an overall weak market environment. Both Nifty Bank as well as Nifty also lost 0.2 percent in intra-day deals today.