Sachs Group Inc, the leading global investment banking, securities
and investment management firm, upgraded
its view on India to its honored term OVERWEIGHT in view of India’s catches up
with pre-election rally amid expectations of another majority win for the
sharp underperformance in the first two months of this year, indicates an
uptick in demand leading to significant earnings season for the December
quarter and pick-up in foreign flows led the brokerage to upgrade their view.
vehemently gears to take part in a massive voting exercise that commence next month,
and the counting is to be held on May 23.
positives factors are foreign inflows into Indian stock markets rose to their
highest in 15months at USD2.42 billion in February, a big swing from 2018’s net
outflows of USD4.4 billion. The pace of
new fund inflows has been factored due to deeper economic reforms and monetary
analyst in a release on Monday further said the risk/reward appears favorable
for India once again.
In view of this, it foresees that during election period the markets will be at its excellence.