INSUBCONTINENT EXCLUSIVE:
country remains relatively unscathed from the coronavirus outbreak threatening lives and economies around the world.
Fund management firms
softening energy prices and signs of an economic recovery.
More than 80,000 people have been infected and over 2,700 have died, with cases
expanding beyond the China epicenter through much of Asia and to places as far away as Iran and Italy
prices, he added.
The BSE Sensex Index has declined 3 per cent since Jan
20, when a slide in Hong Kong stocks kicked off market fears about the pneumonia-like illness, compared with 6.7 per cent slide in the MSCI
AC Asia Pacific Index.
The outperformance has been helped by overseas investors, who have poured a net $3.4 billion into Indian stocks in
In fact, India is the only stock market in Asia showing positive foreign inflows for the year, outside of China where data is
chief investment officer for equity at Kotak Mahindra Asset Management Co
starting April, from an estimated 11-year low of 5 per cent in the current period
Indicators have already pointed toward a potential recovery, with the Markit India Services PMI index climbing in January to the highest
level in seven years.
Some observers still see lingering domestic issues as a threat to the economic rebound
including Krishna Kumar at Eastspring Investments
more attractive for foreign investment if the decline in oil and other commodities persists and kick-starts the capital expenditure cycle,
