CNBC's Inside India newsletter: The search for a stock market alternative
Publishing timestamp: 2024-08-22 12:02:38
Summary
Indian equities have been underperforming due to lackluster earnings growth, while U.S. stocks have been rallying. Some analysts believe that Indian companies may struggle to meet investor expectations. As a result, some investors are turning towards more stable instruments like bonds. Concerns have been raised over the Disney-Reliance $8.5 billion merger, and Asian countries are monitoring the Mpox outbreak. Indian hospitals were affected by a doctors' strike in protest against violence. Indian stocks rose this week, and upcoming IPOs include Interarch Building Products and Orient Technologies. Monsoon season is expected to benefit Indian markets, while some investors predict a correction in the Indian stock market.
Sentiment: MIXED
Tickers: .DXY, RELIANCE-IN, INR=, DIS, .SPX, JPM, .NSEI,
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