Traders react to stock price movement at a brokerage in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

Analysts Most Bullish On Indian Stocks In 12 Years

Analysts are most bullish on India’s equity markets in 12 years.

Nearly 69 percent of the analysts tracking all the stocks on the Nifty 500 Index have a ‘Buy’ rating—the highest since 2006, when it had breached the 70-percent mark, according to Bloomberg data. Since then, the number hovered between 47 percent and 64 percent.

There are many opportunities in Indian equities even after the S&P BSE Sensex’s 11 percent rise this year, as it is one of the few markets where cyclical growth is rising, Goldman Sachs said in a report.

 Analysts Most Bullish On Indian Stocks In 12 Years

Also read: Double-Digit Profit Growth Seen Yet Again for India Equities