Business & Finance
India Large-Caps Eye Comeback on Global Funds’ Support
Key Points
India Large-Caps Eye Comeback on Global Funds’ Support Jefferies says large caps are starting to look more reasonably valued. This article is for subscribers only. I’m Asmi Bhatia in Mumbai with your daily dose of news and analysis in what’s becoming an increasingly jittery July for global financial markets.
India Large-Caps Eye Comeback on Global Funds’ Support
Jefferies says large caps are starting to look more reasonably valued.
This article is for subscribers only.
Good morning...
I’m Asmi Bhatia in Mumbai with your daily dose of news and analysis in what’s becoming an increasingly jittery July for global financial markets.
The macro backdrop remains precarious. Brent crude traded above $85 a barrel this morning after President Donald Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz. Traders are back to pricing in a near 50% chance of a rate hike by the US Federal Reserve later this month as inflation risks mount. And AI-related stocks are coming under ever greater pressure.