India's growth story is based on economic strength, not BJP winning elections
1 year, 1 month ago

India's growth story is based on economic strength, not BJP winning elections

Live Mint  

Brokerage house Morgan Stanley has said that it expects heightened volatility in India's stock market after poll results are declared in December for five states, “especially if the BJP loses a majority of those states". It would be instructive to recall that the stock market had crashed in May 2004 after the Lok Sabha results were declared and it became clear that the Bharatiya Janata Party government led by prime minister Atal Bihari Vajpayee would not continue in office, and a coalition government with the Left as a member would succeed it. Yet, the first term of the UPA government saw unprecedented GDP growth of more than 9% year after year, with stock market returns recovering smartly, proving the initial fears of investors to be a momentary overreaction. Given this background, Morgan Stanley’s endeavor to link stock market returns to electoral outcomes in the upcoming state and then Lok Sabha elections next year is odd, to say the least.

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History of this topic

Expert view: Tone down return expectations from Indian stock market, says Premchandani of UTI AMC
10 hours, 34 minutes ago

Expert view: Tone down return expectations from Indian stock market, says Premchandani of UTI AMC

Live Mint  

Expert view: Amit Premchandani, Senior Vice President and Fund Manager – Equity at UTI AMC, believes valuation remains in above-average zone for large caps while mid and small cap are expensive. This year's key trends have been a sharp improvement in the earning profile of capital market players, driven by broader participation leading to significant volume growth for exchanges, pick …

Expert view: India’s growth story remains strong; Trump’s policies may boost China+1 strategy, says Mandal of Marcellus
1 week ago

Expert view: India’s growth story remains strong; Trump’s policies may boost China+1 strategy, says Mandal of Marcellus

Live Mint  

Expert view: Arindam Mandal, the head of global equities at Marcellus, remains confident about India’s long-term structural growth story. In an interview with Mint, Mandal shares his views on the Indian stock market, the US Fed's rate reduction cycle and explains what key factors Indian investors should consider before investing in developed market equities. While Trump’s trade policies are aimed …

Indian stock market shows resilience, growth potential amid cautiously optimistic outlook — expert advice
2 weeks, 1 day ago

Indian stock market shows resilience, growth potential amid cautiously optimistic outlook — expert advice

Live Mint  

The Indian stock market has recently demonstrated remarkable resilience, exhibiting a bounce back from periods of consolidation led by uncertainty by economic slowdown and premium valuations. FED Chair speech and recent minutes, which show confidence in the easing of inflation, could sway market sentiments positively. The positive performance of these sectors underscores the market's confidence in the long-term growth prospects …

Why is Indian stock market skyrocketing after Maharashtra Election results? EXPLAINED
4 weeks ago

Why is Indian stock market skyrocketing after Maharashtra Election results? EXPLAINED

Live Mint  

Stock market today: Extending the Friday pullback rally on Monday, the Indian stock market witnessed decent buying during early morning deals. Highlighting the reason for the rise in the Indian stock market after the landslide victory of the BJP-led NDA in the Maharashtra Assembly Election, Palka Arora Chopra, Director of Master Capital Services, said, "In Maharashtra, the BJP-led Mahayuti alliance …

India's Growth Outlook: A Beacon of Stability Despite Temporary Slowdown
2 months ago

India's Growth Outlook: A Beacon of Stability Despite Temporary Slowdown

Deccan Chronicle  

India's growth outlook remains steady despite a temporary slowdown in momentum in the second quarter of 2024-25. The country's aggregate demand is expected to shrug off the slowdown due to the pick-up in festival demand and consumer confidence. Domestic manufacturing and services PMI have shown signs of improvement, while rural demand is expected to get a boost from the improved …

Economic Survey praises Indian stock markets: ‘Exemplary performance’
5 months ago

Economic Survey praises Indian stock markets: ‘Exemplary performance’

Hindustan Times  

India's growth story is powered by the capital market as there is an increased share in capital formation and investment landscape owing to advances in technology, innovation and digitisation, the Economic Survey 2023-24 tabled in Parliament noted. Even heightened geopolitical risks, rising interest rates and volatile commodity prices could not stop the Indian stock markets which have been one of …

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling
6 months, 2 weeks ago

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Al Jazeera  

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Despite strong headline economic growth, nearly half of India’s population is still employed in the relatively unproductive agricultural sector – a share that rose during Modi’s second term, from 42.5 percent in 2018-19 to 45.8 …

'Rahul Gandhi conspiring…': BJP on Cong's ‘stock market scam’ charge
6 months, 2 weeks ago

'Rahul Gandhi conspiring…': BJP on Cong's ‘stock market scam’ charge

Hindustan Times  

The Bharatiya Janata Party on Thursday hit back at Congress leader Rahul Gandhi over his ‘stock market scam’ charge. Bharatiya Janata Party leader Piyush Goyal “In the last 10 years of Modi Govt, for the first time our market cap has crossed over 5 trillion dollars. The BJP's reaction comes after Rahul Gandhi alleged a stock market scam, even accusing …

Stock market after Lok Sabha elections| Bernstein on what to do if INDIA bloc forms government: ‘Probability is…’
6 months, 2 weeks ago

Stock market after Lok Sabha elections| Bernstein on what to do if INDIA bloc forms government: ‘Probability is…’

Hindustan Times  

Bernstein retained its view of high single-digit returns in the stock market and kept its Nifty target unchanged at 23,500 saying that the brokerage expects volatility to remain owing to uncertainty on policy path. Stock market crash: The brokerage remined overweight on financial stocks but made picks across sectors. As we consider it a low-probability event, we do not delve …

India election: Why Modi’s narrow win sent the stock market tumbling
6 months, 2 weeks ago

India election: Why Modi’s narrow win sent the stock market tumbling

Al Jazeera  

Indian shares suffered their biggest drop since 2020 after the Bharatiya Janata Party lost its parliamentary majority. India’s stock market took its worst tumble in four years after Indian Prime Minister Narendra Modi’s Bharatiya Janata Party lost its parliamentary majority. The shock outcome of Tuesday’s election count means Modi will need to rely on smaller parties to form a governing …

India’s economic boom won’t be derailed by its election shock
6 months, 2 weeks ago

India’s economic boom won’t be derailed by its election shock

CNN  

New Delhi CNN — Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms. India boomed during Modi’s first two terms as prime minister, leapfrogging the United Kingdom to become the world’s fifth biggest economy and growing …

Stock market ahead of Lok Sabha elections: Why foreign investors sold more and more Indian shares amid low voter turnout
6 months, 3 weeks ago

Stock market ahead of Lok Sabha elections: Why foreign investors sold more and more Indian shares amid low voter turnout

Hindustan Times  

Foreign investors are the most pessimistic in over a decade on Indian stocks amid speculation over Prime Minister Narendra Modi’s party winning fewer seats in the ongoing national elections than previously estimated, due to a dip in voter turnout, Bloomberg reported. Foreign investors dumped 1 billion USD worth of Indian shares in April, and another 4.2 billion in May, pushing …

Stock market may fall 15-20% if BJP gets less than 250 seats, Ruchir Sharma predicts
6 months, 3 weeks ago

Stock market may fall 15-20% if BJP gets less than 250 seats, Ruchir Sharma predicts

Hindustan Times  

Stock market could experience a sudden fall if the PM Modi-led Bharatiya Janata Party government secures less than 250 seats in the Lok Sabha elections, ace investor Ruchir Sharma said. Talking to India Today at its Pop-up Conclave in Mumbai, the Chairman of Rockefeller International said that if the BJP fails to secure 250 seats, the market could fall 10-20 …

Market rally and poll expectations
6 months, 3 weeks ago

Market rally and poll expectations

Hindustan Times  

The BSE Sensex, India’s benchmark equity market index, crossed yet another new benchmark of 76,000 during intra-day trades on May 27. PREMIUM FILE PHOTO: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo It is a given that equity markets will react …

Want to invest in stock market? Bernstein predicts a short-term rally soon if…
6 months, 4 weeks ago

Want to invest in stock market? Bernstein predicts a short-term rally soon if…

Hindustan Times  

Bernstein said that the Indian stock market could witness a short-term rally if the Bharatiya Janata Party returns to power with 330-350 seats. This has a high probability, the global research firm said, predicting that the rally could push Nifty 50 past the 23,000-mark and would be followed by profit-taking "as the reality of execution and valuations emerge." Bernstein noted …

How did the Indian stock market react to elections in the past?
7 months ago

How did the Indian stock market react to elections in the past?

Hindustan Times  

India’s benchmark stock market indices Sensex and Nifty touched historic highs at close of trading Thursday, 75,418 and 22,967 respectively, driven by Wednesday’s announcement of a generous transfer by RBI to government that can boost the latter’s spending ability. The 2004 and 2009 Lok Sabha elections are the only two instances since 1991 when the markets reacted strongly to an …

Stock market outlook: Expect no deep and prolonged correction; Nifty may see low-teen upside by March 2025: UBS
7 months, 1 week ago

Stock market outlook: Expect no deep and prolonged correction; Nifty may see low-teen upside by March 2025: UBS

Live Mint  

The Indian stock market is witnessing a sharp correction and the benchmark Nifty 50 index has dropped more than 4% from its record high level. Indian equities are likely to trade with a downward bias ahead of general elections results, but analysts do not expect a prolonged correction with the market expected to offer buy-on-dip opportunities. Premal Kamdar, Analyst at …

Stock market may be falling because of these 4 big reasons. Lok Sabha Elections to blame?
7 months, 2 weeks ago

Stock market may be falling because of these 4 big reasons. Lok Sabha Elections to blame?

Hindustan Times  

Stock market today: The Indian stock market has been witnessing volatility in recent sessions. The India VIX index- a measure of volatility in the Indian stock market- surged nearly 35 per cent in just four sessions in May. Stock market today: BJP supporters during a public meeting of Prime Minister Narendra Modi for Lok Sabha elections, in Dhar, Madhya Pradesh. …

Invest in new ideas, not flavour of the season, says Accel's Prashanth Prakash
11 months, 3 weeks ago

Invest in new ideas, not flavour of the season, says Accel's Prashanth Prakash

Live Mint  

Mumbai: While conventional sectors always attract competition, they do not yield significant profit for investors, said Prashanth Prakash, partner at Accel, adding that such sectors represent past opportunities and not those shaping the future. The public market opens up a window of opportunity for private investors, especially at a time when India continues to be criticised for not being able …

Tale of two halves: Goldman sees GDP powered by govt, private sector
1 year, 1 month ago

Tale of two halves: Goldman sees GDP powered by govt, private sector

Live Mint  

Investment bank and financial services major Goldman Sachs predicted a higher 6.5% growth in gross domestic product in FY25, compared to a more sedate 6.2% in FY24. In calendar year 2024, economic growth “is likely to be a tale of two halves", Goldman Sachs said in a report released on Monday, titled India 2024 Outlook. According to Goldman Sachs, risks …

Indian stock performance is not dependent on electoral results
1 year, 2 months ago

Indian stock performance is not dependent on electoral results

Live Mint  

On 17 May 2004, Indian stock markets hit their -20% lower circuit. The average real GDP growth in that period had risen to 5.8%; the Sensex delivered compounded annual growth of 5.8% in dollar terms and 16.3% in rupee terms. Between 1980 and 2023, the government has changed 11 times, eight of those were coalitions, though both governments since 2014 …

DC Edit | Will festivals, elections lead to India's dream growth run?
1 year, 3 months ago

DC Edit | Will festivals, elections lead to India's dream growth run?

Deccan Chronicle  

Once in every generation – which is roughly 30 or 40 years – the world finds itself on the cusp of a major change – spreading across domains of technology, geopolitics, as well as economics. In the last eight months, foreign investors pumped in $16.5 billion in the Indian stock markets – the largest such investment in Asian equities. In …

India at a crossroads: Reduce the risks of economic concentration
1 year, 10 months ago

India at a crossroads: Reduce the risks of economic concentration

Live Mint  

India is poised to become the world’s most important country in the medium term. First, India has moved to an economic model where a few ‘national champions’—effectively large private oligopolistic conglomerates—control significant parts of the old economy. ‘Make in India’ was intended to strengthen the economy’s tradable side by fostering the production of goods for export, not just for the …

The truth about ‘the India story’
2 years, 1 month ago

The truth about ‘the India story’

The Hindu  

As the COVID-19 pandemic fades and hopes rise for nations and societies to return to some kind of normalcy, there is effort all around to take stock of where we stand and what our prospects look like. In fact, from 2003 to 2011, barring one year, the start of the Great Recession in 2008-09, India was on top of most …

Why India Inc. is not taking a Hanuman leap
2 years, 2 months ago

Why India Inc. is not taking a Hanuman leap

The Hindu  

In a meeting held with the country’s corporate leaders on September 15, Finance Minister Nirmala Sitharaman drew attention to an important aspect of the economy today. Also, they would not necessarily have been enthused by the possibility that the ideology of ‘minimum government’ could end up putting public investment on hold, failing to expand aggregate demand when it was needed. …

BJP election victories revive stock markets
2 years, 9 months ago

BJP election victories revive stock markets

India Today  

On Friday, the stock markets headed for weekly gains, days after the ongoing Russia-Ukraine war, surging international oil prices, and inflation fears continued to impact shares. Stock market investors turned their focus on election results in the country's most populous state of Uttar Pradesh as the outcome offers clues to the national mood before the next Lok Sabha polls in …

BJP’s three-fold economic challenge in the run-up to 2024
3 years, 5 months ago

BJP’s three-fold economic challenge in the run-up to 2024

Hindustan Times  

The cabinet reshuffle on July 7 comes almost at the half-way point of the second term of the Modi government. The reshuffle has come on the back of a series of adverse events for the Bharatiya Janata Party -led government: India’s largest ever economic contraction in 2020-21, a devastating second wave of the Covid-19 pandemic, a shock defeat for the …

$3 Trillion Market Capitalisation Of Indian Firms Makes For A Compelling Global Allocation
3 years, 6 months ago

$3 Trillion Market Capitalisation Of Indian Firms Makes For A Compelling Global Allocation

News 18  

The stock markets are as much a function of society as of citizens, as much an expression of the collective as of the individual, as much a signature of earnings as of speculations, and as much a paradox as an indicator. Growing steadily over the past 15 years, barring the 2010 jump to 97 percent, India’s market capitalisation to GDP …

How much has Reliance contributed to India's record-breaking stock market rally
4 years ago

How much has Reliance contributed to India's record-breaking stock market rally

India Today  

Domestic stock markets in India have performed exceptionally well over the last few months and most experts predict the record-breaking rally to continue next year — a huge feat considering the dreaded impact of the coronavirus pandemic on global markets, with some still struggling to recover. RIL and India’s stock market growth Reliance shares have grown handsomely during the pandemic …

India stock market investors should expect lower returns: Quantum
4 years, 2 months ago

India stock market investors should expect lower returns: Quantum

Live Mint  

India is likely to see a slower pace of economic growth over the next few years, which means stock investors should expect lower returns, according to analysts at asset manager Quantum Advisors Pvt. India’s $2 trillion stock market has rebounded more than 40% from a March bottom, joining a global rally in defiance of a bleak economic outlook. “India‟s golden …

Key risk to Indian stocks, economy: Populism, says JPMorgan
4 years, 4 months ago

Key risk to Indian stocks, economy: Populism, says JPMorgan

Live Mint  

India is likely to see a surge in populist politics as it battles the world’s third-highest number of coronavirus cases, posing a key risk for companies whose fortunes are closely tied to the economy, according to JPMorgan Chase & Co. “Rising populism could impact market valuations, at least in part due to protectionist trade and foreign direct investment policies inhibiting …

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