Which factors will drive Indian equity markets now? Investor Ruchir Sharma explains
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Ruchir Sharma states classic models are ineffective for India; domestic money flow and financialisation are key drivers. BSE Sensex and NSE Nifty reached all-time highs of 82,129.49 and 25,078.30 on August 1, 2024. Domestic institutional investors bought shares worth nearly Rs 3 lakh crore since January 2024, while foreign institutional investors net investment was Rs 13,800 crore. Earnings growth supports market valuations, distinguishing India from bubble scenarios. Sharma predicts a shift in global capital flows towards emerging markets, benefiting India. He advises caution against declining earnings growth.
#IndianMarkets #RuchirSharma #BseSensex #NseNifty #Financialisation #Investing #Equity #EmergingMarkets #CapitalFlows #EarningsGrowth
https://www.businesstoday.in/markets/story/which-factors-will-drive-indian-equity-markets-now-investor-ruchir-sharma-explains-442454-2024-08-21
Business Today /
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2024-08-21 10:44:34
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2024-08-21 10:44:34Event JSON
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"content": "Which factors will drive Indian equity markets now? Investor Ruchir Sharma explains\n==========\n\nRuchir Sharma states classic models are ineffective for India; domestic money flow and financialisation are key drivers. BSE Sensex and NSE Nifty reached all-time highs of 82,129.49 and 25,078.30 on August 1, 2024. Domestic institutional investors bought shares worth nearly Rs 3 lakh crore since January 2024, while foreign institutional investors net investment was Rs 13,800 crore. Earnings growth supports market valuations, distinguishing India from bubble scenarios. Sharma predicts a shift in global capital flows towards emerging markets, benefiting India. He advises caution against declining earnings growth.\n\n#IndianMarkets #RuchirSharma #BseSensex #NseNifty #Financialisation #Investing #Equity #EmergingMarkets #CapitalFlows #EarningsGrowth\n\nhttps://www.businesstoday.in/markets/story/which-factors-will-drive-indian-equity-markets-now-investor-ruchir-sharma-explains-442454-2024-08-21",
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