NFTY - NFTY: Equal Weight Is The Best Weight For Indian Stocks
2024-04-22 06:03:37 ET
Summary
- Indian large caps have started the year strongly.
- From here, positioning into election season and beyond is crucial.
- Equal-weighted NFTY has its drawbacks, but still ranks highly on balance.
India's ruling political coalition, led by Prime Minister Narendra Modi's Bharatiya Janata Party (or the 'BJP'), is out with a new manifesto ( "Modi's Guarantee 2024" ) for this year's general elections. Unlike the populist stance taken on by the key opposition party, the Indian National Congress, the lack of election 'freebies' is notable; instead, the incumbent government has opted for a more fiscally responsible path, which should keep sovereign bond yields and the currency well-supported....
NFTY: Equal Weight Is The Best Weight For Indian Stocks