Andrii Yalanskyi/iStock via Getty Images India’s benchmark Nifty 50, which tracks the country’s fifty largest stocks (i.e., the uber caps), has continued its march higher since I last covered its US-listed tracker fund, iShares’ India 50 ETF (NASDAQ:INDY) (see INDY: No Stopping India’s Nifty 50 Stocks Into 2024). Last week saw some jitters creep into…
triloks/iStock via Getty Images Few equity markets have performed anywhere near as well in India in recent years – and for good reason. The country saw some very impressive economic growth numbers yet again (even by its standards), with real GDP surging to +8.4% YoY through Q4 2023 and prior quarters’ growth revised higher in…
MicroStockHub/iStock via Getty Images India is an emerging economic powerhouse, and equity valuations are near record highs. We believe GARP investing may be key to accessing its growth while navigating soaring valuations. With India on track to become the world’s third-largest economy with a projected GDP of $5T by 20271, this emerging economic powerhouse has…
ronniechua Along with Japan, India has been the hottest Asian market over the last year. One year in, though, analysts are starting to question the sustainability of this rally. Per Kotak Bank: “Stocks are overvalued in general; some less, some more, some bizarre.” I’d disagree with the skeptics, particularly for the Nifty/MSCI large caps, where…
Realpictures/iStock via Getty Images After years of outperformance against other emerging Asian markets, Indian equities are hardly undervalued. Its consumer sector, which features many of the country’s ‘feel-good’ franchises, still screens richly – since I last covered the fund, Columbia Threadneedle’s sector-focused India Consumer ETF (NYSEARCA:INCO) portfolio has de-rated slightly but remains multiple turns above…
RBirchall/iStock via Getty Images Global growth is slowing, but India has felt no such drag – quarterly GDP growth is still up in the high-single-digits %, while unemployment is down and inflation is well under control. In addition to a resilient domestic consumption story, a key reason for the outperformance has been a big capex…
ronniechua Since I last called for investors to buy the iShares India 50 ETF (NASDAQ:INDY) dip, the fund has surged higher alongside the rest of the broader Indian market. Now that any lingering weather headwinds have cleared, India’s combination of macro and micro fundamentals may be the best in Asia heading into 2024. At the…
TexBr By Ayush Babel and Jeremy Schwartz, CFA Backed by strong GDP growth and a relatively calm geopolitical environment, India has witnessed one of the best recoveries among the major economies since the Covid-19 crisis – and it hasn’t looked back. With national elections coming up next year, and opinion polls suggesting an historic third…
BharatBox is designed for a range of activities, including film launches, award ceremonies, live concerts, etc. in the Metaverse. In a groundbreaking partnership, The Sandbox has joined forces with Shemaroo Entertainment, a prominent media and entertainment conglomerate in India. The collaboration will see the creation of BharatBox, a cultural metaverse hub within The Sandbox. The…
metamorworks After rapid economic growth of 7.2% in the 2022-23 fiscal year, economic momentum has remained strong, with industrial production rising by 10.3% year-over-year (y/y) in August 2023 and GDP growth of 7.8% y/y in the April-June quarter of 2023. The S&P Global India Services PMI Business Activity Index for September signalled continued rapid expansion…
D. Lentz Original Post By Sohrab Darabshaw In an otherwise down market staring at a slow recovery in 2023, only India stands apart from the rest of the world in terms of aluminum production and consumption. Indeed, the government’s push for new infrastructure, especially for green energy, continues to drive domestic consumption and overall stability…
Nvidia will provide Jio with extensive AI supercomputer solutions while Reliance’s Jio Platforms will oversee the AI cloud infrastructure’s management. In a major development on Friday, September 8, Reliance Industries’s Jio Platforms joined hands with GPU giant Nvidia to build large language models on AI. In the announcement, the company said that this AI model…