The markets opened with upto 380 plus points gain…
The European Central Bank (ECB) announced higher-than-expected monthly bond buying programme of 60 billion euros late Thursday . A quantitative easing (QE) of this magnitude is expected to boost the appetite for risky assets, thereby benefiting emerging markets.
The money is likely to find it’s way into India.
European funds, a result of the ECB’s recent decision, are likely to chase countries that have a strong growth story. But fund managers are expected to prefer Indian markets over US when making investment calls.
India was a tremendous place for global investors to be in 2014 and the same trend is likely to be seen in 2015.
The Indian equity market, buoyed by inflows, to see atleast a 20 percent upside by the year-end.
India is back in the reckoning at
the global centre-stage and the huge build-up in positive sentiments among
investors should soon start converting into real investment flows on the
ground.
Since Modi government’s efforts to bring
inflation under control has yielded results, there is hope Govt will be able to
meet the fiscal deficit target of sub-3 percent in two years. Happy Investing
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