India’s Stock Market Rally: Is the iShares MSCI India ETF Approaching Record Territory?

The iShares MSCI India ETF is showing cautious momentum as the new trading week begins, yet financial strategists anticipate the fund could challenge its previous peak levels in the coming weeks. This potential upswing follows a prolonged 13-month period of negative returns, suggesting a significant trend reversal may be underway.

Clear indicators are supporting the current market recovery. Corporate earnings appear to have moved past their lowest point, establishing a stronger fundamental foundation for sustained profitability. Key sectors are acting as primary growth drivers, with notable strength emerging from financial services, energy, industrial enterprises, and the automotive industry.

This positive momentum is reflected in the Nifty 50 Index, which delivered Read more...