Indian Stocks Get Cheaper Versus Peers as Sentiment Sours: Chart
A big outperformance in Indian stocks is unlikely amid political concerns, say experts.
(Bloomberg) -- The premium Indian equities trade at versus their emerging-nation peers has narrowed to the smallest in five months and may not rebound any time soon, according to market participants. Lower earnings growth relative to other developing markets as well as political concerns about the prospects of the ruling Bharatiya Janata Party is weighing on investor sentiment. “It’s unlikely we’ll see a big outperformance as there are a lots of things to worry about,” said Satish Betadpur, managing director and head of investments for India at State Street Global Advisors Ltd.
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