With Fed rates perceived to be peaking, risk-on trade is back. India is looking well poised to take a fair share of the foreign money that is flowing back to emerging markets
If the Fed, which triggered rate hikes across the world last year, pauses in the next policy review in June and cuts rates in July, it will be good news for Indian equity markets and the economy in general.
‘Sell in May and go away’ has been a time-honoured Wall Street adage, denoting traditional market underperformance during the May-October period. But does it hold true in the Indian context?