Rich valuations leave little room for disappointment in Indian equities
Add BT as a preferred source
ON JUN 9, Narendra Modi was sworn in as India’s prime minister for a third term. This followed surprising election results; Modi’s ruling party secured a narrower-than-expected victory, despite exit polls predicting a landslide win.
The outcome is seen as a setback for the leader who has driven significant reforms and delivered high economic growth in the country.
India’s equity market responded to the results with volatility. The Sensex Index, comprising 30 large and most actively traded corporations on the Bombay Stock Exchange, tumbled 6 per cent on Jun 4, the day of the election results. It marked the worst trading session in four years.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Why Asean matters more than ever to the UK and Singapore
