Meanwhile, Indian government bonds have remained stable in the six months leading up to the US presidential race, attracting foreign investors despite record outflows in Indian equities in October. The article also mentions that Indian stocks have historically performed well in the year following US elections, based on trends from the previous four cycles. However, the recent slowdown in earnings growth has somewhat dampened enthusiasm for India.
Key takeaways:
- Swiggy's $1.3 billion IPO is opening to the public, but there are concerns about lukewarm retail interest due to indications of a muted listing-day gain and its rich valuation.
- Engineering giant Larsen & Toubro is investing $167 million in E2E Networks, a cloud computing firm partnered with Nvidia, indicating a growing interest in AI among Indian conglomerates.
- Despite record outflows in Indian equities in October, rupee bonds have seen six straight months of net inflows, showing stability in the Indian government bonds.
- Indian stocks have historically performed well in the year following the US presidential election, providing optimism for long-term investors despite recent slowdown in earnings growth.