India’s Record Stock High Now Needs an Earnings Boost
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Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Indian equities eked out another record close, with the Nifty missing the 25,000 milestone by a whisker. While this should broadly support the risk-on mood, we need strong earnings to justify the sky-high valuations. For now, a slew of major central bank decisions globally this week will likely turn investors’ focus on domestic interest rate-sensitive sectors, including lenders.