India’s Unloved Heavyweight Stocks May Be Poised for a Rebound

India’s Unloved Heavyweight Stocks May Be Poised for a Rebound Good morning... I’m Alex Gabriel Simon with a mood check on the markets from Mumbai, where the monsoon has unleashed a relentless downpour. Indian equities appear to be back in the game, with the benchmark Nifty closing at its highest level in two-and-a-half months on Monday. Lower oil prices and a pickup in foreign buying have helped lift sentiment in recent sessions. Saudi Arabia’s decision to cut crude prices for Asian buyers is an added tailwind for an economy that imports most of its oil and has spent much of the year grappling with elevated energy costs. The focus now shifts to June-quarter earnings. After a lackluster March quarter, expectations are relatively muted, giving companies room to surprise on the upside. With equities rallying in recent days, investors will be watching for evidence that profit growth is finally catching up with valuations. Meanwhile, sustained foreign selling over the past few months has left some of the local market’s biggest names looking attractive again ahead of their results. [Image text:] Stockoft How to fight INFLATION NIFTYS