Meiyi Platform: Goldman Sachs predicts that the Indian stock market will usher in more overseas funds. JP Morgan Chase is optimistic about the Indian market prospects
Text: In the past eight years, the Indian stock market has achieved continuous rise in the past eight years, with a market value of exceeding $ 4 trillion. However, people have doubts about whether the Indian stock market can continue to maintain such a growth momentum in 2024.However, Wall Street’s investment banking agencies have a positive attitude towards the Indian stock market.
According to Goldman Sachs Asia -Pacific stock strategist Sunil Koul, although some funds are currently waiting for the Indian stock market, he believes that more overseas funds will flow into the election.Goldman Sachs believes that Modi will be re -elected and the continuity of the policy will attract more foreign capital.Investors are optimistic about India’s economic growth prospects, and global investors have bought $ 21 billion in Indian stocks.Although the pace of buying this month has slowed down, the fund’s holding ratio of Indian stocks is still low as a whole.Agra Stock
From the perspective of the global capital pool, the allocation of global common funds in India is relatively low.However, Sunil Koul expects Modi will win the third term to maintain India’s policy continuity.In the case of Modi’s re -election, it is expected that the profit will increase by about 15%per year this year and next year, which will solve the problem of high Indian stock valuation.
In addition, Mixo Das, a Morgan Chase Asian stock strategist, said that India is one of the most promising global markets in JP Morgan Chase.He believes that as more and more companies enter the Indian market, India’s position in the global supply chain is becoming more and more important.Many companies have established bases in India and expanded production capacity, which has further enhanced the demand for global investors and manufacturers for the Indian market.
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Overall, Goldman Sachs and Morgan Chase are optimistic about the prospects of the Indian stock market.They believe that policy continuity, profit growth, and supply chain adjustment will attract more overseas funds into the Indian market.Although some people are worried about the problem of excessive stock valuations, this problem is expected to be resolved as economic growth and profit increase.