Indian markets outpace emerging markets peers

Mar 23 2014, 01:00 IST
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Strong FII inflows due to possible ‘democratic refresh’, a rarity in emerging markets, act as booster. PTI Strong FII inflows due to possible ‘democratic refresh’, a rarity in emerging markets, act as booster. PTI
SummaryStrong FII inflows due to possible ‘democratic refresh’, a rarity in emerging markets, act as booster

candidate Narendra Modi coming to power has already been priced into the markets. With US Fed further slowing down its pace of bond purchases, FII flows could dry up,” said UR Bhat, managing director, Dalton Capital Advisors. “The reward-risk balance for the Indian stock market is less favourable after the sharp run-up in prices of several domestic cyclical and PSU stocks in the past two weeks,” Kotak Institutional Securities added in a report.

On Wednesday, the US Fed decided to further slash its monthly bond-buying to $55 billion. The members of the Federal Open Market Committe (FOMC) on Wednesday said economic activity in the US slowed during the winter months, in part reflecting adverse weather conditions. However, labour market indicators on balance showed further improvement.

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