HSBC believes the time is right for foreign investors to return (Image: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed
As the Indian market gears up for another earnings season, HSBC believes the time is right for foreign investors to return after an extended period of weakness and macro turmoil that has stifled growth.
In its latest India Strategy report, HSBC analyst Prerna Garg pointed out that a combination of low valuation, a slow recovery in earnings and a low foreign fund positioning makes it an ideal staging ground for foreign investors to return to India.
Foreign investors, over the last 12 months, have avoided the Indian markets as they went through a strong correction. Despite the recent surge, the Nifty50 benchmark is still down over 5% in the past