BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Outlook for institutional flows:
U.S. 10-year bond yields have been oscillating around the 4% mark (3.4-4.3%) over the past one year as the Fed approaches the end of its jumbo rate hike cycle driven by a moderating inflation outlook.
The most recent surge in U.S. yields from ~3.75% to ~4.3% was triggered by the rating downgrade by Fitch and is putting pressure on foreign portfolio investment flows towards India. However, the U.S. 10-year bond yield is likely near its upper range given the outlook for inflation.
This should alleviate concerns around FPI outflows even as structural domestic equity flows in India continue to be positive as evidenced by record-high SIP flows.
Growth outlook for India relative to China continues to be robust driven by a strong investment and real estate cycle supported by low non performing assets in the system.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
