Given this context, some experts suggest that investors should avoid the Indian stock markets and consider Chinese equities instead, from a short- to medium-term perspective. However, they do expect the underperformance of Indian equities compared to their Chinese counterparts to be short-lived.
"With renewed interest in Chinese equities on the back of recently announced monetary and liquidity measures and market expectations of more fiscal stimulus ahead, there is a rising risk of near-term underperformance of Indian equities against the broader Asia ex-Japan (AxJ) index. However, this will not be a long-lasting period, as the structural story of India remains quite attractive," analysts at Nomura noted in a recent report.
This story is from the October 09, 2024 edition of Business Standard.
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This story is from the October 09, 2024 edition of Business Standard.
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