From Investing.com: 2024-05-11 09:28:04

Indian equities are soaring, propelled by strong macroeconomic indicators and domestic inflows. UBS report highlights record highs despite global challenges, with small and mid-cap companies shining.

Fourth-quarter earnings season sees positive surprises in consumer durables, metals, IT, healthcare, and financial sectors. Some disappointments in oil & gas, chemicals, and industrials. Domestic mutual funds counter FPI outflows.

UBS warns of SMID company valuations, advises profit-taking and shift towards large-caps. Positive outlook on earnings growth, but caution amidst global uncertainties and Indian elections.

UBS flags risks including political instability, US rate-cut delays, and oil price shocks. Recommends focus on domestic-linked sectors for long-term growth. InvestingPro offers steep discount for INR 216/month.



Read more at Investing.com: UBS Insights on India’s Record-Breaking Equities By Investing.com