By Asma Chandani
After a tumultuous Q1 for global stock markets, investors are increasingly seeking to take advantage of attractive valuations. Bolstered by strong macro fundamentals, the SENSEX closed on Friday with its highest weekly gain in seven years, and the NIFTY just shy of 7,450.
Last week, Goldman Sachs reaffirmed its overweight position in Indian equities given India’s continued relative appeal to its Asian peers, betting that buoyant consumption demand and government spending will bolster corporate profits. Goldman’s report estimates gains, in $ terms, in the low-teens from Indian stocks, based on expectations of 10-14% growth in corporate earnings.
India’s Budget 2016, presented in Parliament as the Finance Bill 2016 (th…
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