India Equities And The Liquidity Surge: Dolat CapitalFebruary 17, 2021
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Another stellar quarter of earnings commentary and estimates upgrade generated superior equities market performance.
Nifty 50 is up 10% year-to-date led by banks (Nifty Bank up 19% year-to-date) and amply supported by strong flows in favor of emerging markets.
And India continues to attract its more than fair share of the flows – January 2021/February 2021 up 8981/up 21845 rupee crore.
The Budget 2021 proposals as well as the subsequent announcements clearly establish a pro-growth move by the government.
And its not just a subtle shift to kick start the economy – we believe there is a very real underlying shift in the stance taken by the Prime Minister Narendra Modi to defend private enterprises, privatization and other steps.
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