India’s stock market is forecasted to hit record highs in the coming six months, driven by sustained economic growth. Equity strategists predict a rise of over 10% from the current levels by end-2024. Value stocks are expected to outperform growth stocks.
Equities in Asia are mixed with gains for tech stocks offsetting slumping commodity shares. Wall Street futures are pointing slightly lower after gains across the big three indexes led by a rally for the tech-heavy Nasdaq. Treasury yields and the dollar hover above multi-week lows awaiting comments from Federal Reserve Chair Jerome Powell. Crude oil sinks to a three-month low due to a build in US stockpiles while concerns for the Chinese economy weigh on demand.
