Reuters logo
3 years ago
MARKET EYE GRAPHIC-Indian shares' record highs signal bet on domestic economy
March 7, 2014 / 9:53 AM / 3 years ago

MARKET EYE GRAPHIC-Indian shares' record highs signal bet on domestic economy

* Capital goods, banks and mid-caps are driving Indian shares to
record highs this week, unlike in December when drug makers and
software services exporters led the gainers.
(link.reuters.com/bas47v)
* Analysts attribute the gains to expectations of a rebound in
economic growth and more stable inflation.
* The outperformance comes amid signs that foreign investors are
increasing their holdings in these sectors.    
* For example, overseas holdings in shares of capital goods
companies since mid-September had risen by 37.4 percent to
$12.78 billion as of Feb. 28, regulatory data shows, while
overseas holdings in banks rose by 10.9 percent.
* Overseas investors bought Indian shares worth 12.73 billion
rupees ($207.8 million) on Thursday, their biggest daily
purchase since Dec. 19, extending their buying streak to a 15th
straight day, totalling more than $1 billion. [ID: nL3N0M40ZQ]

 (abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below