Fund managers see Indian markets turning after weak stretch
In short
Fund managers say Indian markets may be turning better after a long weak phase. The summary pointed to stronger quarterly results, better large-cap earnings and India doing better than other emerging markets.
What the reporting says
Fund managers said Indian markets may be moving past peak pessimism after a prolonged period of foreign investor selling and muted returns. The CNBC TV18 Market summary said they are seeing stronger quarterly results, improving large-cap earnings and relative outperformance versus other emerging markets.
Why it matters
The CNBC TV18 Market summary says fund managers are seeing signs of improvement in Indian markets after foreign investor selling and weak returns. It points to better quarterly results, improving large-cap earnings and India’s relative outperformance versus other emerging markets as possible support for fresh overseas buying.