Indian Investors Are Always Hungry For Returns No Matter What The Market Condition Is; And With The Beginning Of The Corporate Earnings Season, It Is Time During Which Publicly-traded Companies Announced Their Financial Results In The Market.
In the April-June quarter, double-digit growth in profits has been seen yet again for Indian stock market. Thanks to the robust recovery from the national sales tax introduced last July and higher metal prices, revenue growth in the period may reach a three-year high of 13%. At a time when emerging markets have been roughed up by trade tensions between the world’s biggest economies, the earnings picture in India is improving.
GROWTH IS SCALING UP IN RECENT MONTHS
India’s economic growth is scaling up in recent months, prompting the central bank to raise its outlook for gross domestic product growth to 7.4% in the year that started on April 1 from 6.6% in the previous year. It can be inferred that, India, the world’s fastest-growing big economy is relatively shielded from trade risks due to its large domestic market, which has added to the allure of its stocks.
As many as 123 companies listed on Bombay Stock Exchange (BSE) have declared their quarterly results for the April-June period. The benchmark BSE Sensex closed up 0.95 percent at 37,336.85 after hitting a record high for a fourth straight session.
This story is from the August 2018 edition of Mad About Money.
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This story is from the August 2018 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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