Indian stocks set for muted gains by year-end, correction likely: Reuters poll

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

India stocks will trade only modestly higher at year-end, according to a Reuters poll of equity analysts who said a correction was likely before then, citing tightening global financial conditions as a risk.

touched an all-time high of 67,619.2 on July 20, up around 18% from the year's low of 57,084.9 set only four months earlier.

The median forecast in the Aug. 9-22 poll of 29 analysts showed the Sensex gaining 1.2% from Monday's close of 65,216 to 66,000 by year-end, slightly higher than predicted three months ago. "The dollar is starting to gain and U.S. yields are rising. U.S. financial conditions are turning out as some kind of a headwind for markets right now so we expect the market can continue to be sideways for some more time before moving higher again."

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités