Economic TimesLean R·
BlackRock stays cautious on Indian equities despite cheaper valuations
Mumbai: BlackRock Investment Institute is not yet ready to turn bullish on Indian equities in the near term despite valuations becoming more attractive, said Ben Powell, the firm's chief investment strategist for the Middle East and APAC. BlackRock is awaiting greater clarity on corporate earnings, crude oil prices, global bond yields and foreign fund flows before turning more positive on Indian equities."We are poised to turn a little bit more tactically constructive," said Abu Dhabi-based Pow…
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