India’s $590 billion stock rally, which started in March, is at risk of faltering as stretched valuations and earnings headwinds affect investment. Goldman Sachs and CLSA have both warned of the expensive equities, which have been growing by 4% annually, and suggest global funds may find better investments in emerging markets.
A $590 billion India rally faces earnings, retail selling tests
India’s $590 billion stock rally, which started in March, is at risk of faltering as stretched valuations and earnings headwinds affect investment. Goldman Sachs and CLSA have both warned of the expensive equities, which have been growing by 4% annually, and suggest global funds may find better investments in emerging markets.