Heard on the Street: Investors had a wild bull run in India but a different sort of beast is in charge now. For now, watching from the sidelines seems prudent.
expects the Indian central bank to raise its benchmark repurchase rate to 5.75% by end-December, up from its 5% forecast earlier.
The less buoyant mood is already affecting India’s stock market, which until recently had been among the top postpandemic performers. Nevertheless so far at least the damage hasn’t been catastrophic: India’s S&P BSE Sensex fell over 2% Wednesday before recouping some losses Thursday. Overalla whopping 77% in the past two years. Over the last 12 months, the MSCI India index rose more than 16%, outperforming the overall MSCI Emerging Markets Index, which fell 20%.
Things could get worse before they get better. For one, many Indian stocks are still richly priced compared with peers even after the recent selloff. In price to earnings terms, the MSCI India was trading at a 92% premium to the MSCI EM at the end of March, far above the historical average premium of 60%, according to data provided by brokerage
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Argentina’s central bank steps in to block new crypto offerings from banksArgentina’s central bank has put a stop to plans for Argentinians to access crypto through their banks after two of the countries biggest institutions announced plans earlier in the week.
続きを読む »
El Salvador’s central bank accepts Qredo's registration to provide crypto servicesEl Salvador approved its first license for QredoNetwork to operate as a Bitcoin service provider. The firm became the first and only company to provide BTC custody in the country.
続きを読む »
Argentina's central bank blocks financial institutions from offering cryptoThe move comes just just days after two banks in Argentina said they had opened up crypto trading to their clients.
続きを読む »
Market at the Food Bank raises $285,000 for Greater Cleveland Food BankThat amount translates to the organization being able to provide 855,000 meals, a Food Bank spokesperson said.
続きを読む »
World's Largest Family-Owned Private Bank Now Offers Crypto Investments via SEBA Bank – Bitcoin NewsLGT Bank announced that it has selected SEBA Bank in order to provide cryptocurrency custody and brokerage services to clients.
続きを読む »