Heatwaves Drive Stock Traders to Hunt for Outperforming Stocks in India

Heatwaves Drive Stock Traders to Hunt for Outperforming Stocks in India

Predictions of scorching heat across India are giving fresh fodder to traders as they hunt for stocks that can outperform in an overvalued market. Shares of air cooler makers and power generators rallied this week after the nation’s weather agency warned of hotter-than-usual temperature through the end of June. The sectoral advance comes amid concerns that the broader equity indexes lack momentum following a record-breaking rally.

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TIS Staff

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