India’s nearly US$5 trillion equity market has come under pressure due to foreign outflows sparked by fears over falling consumption. — Reuters
NEW DELHI: Investors are expecting Indian stocks to post another quarter of losses as a slowdown in economic growth and sticky inflation hurt corporate earnings and foreign flows.
The benchmark NSE Nifty 50 Index will likely drop at least 5% in the three months through March, according to a majority of 22 strategists and fund managers in an informal survey conducted by Bloomberg early this month.
