India's Nifty 50 Extends Rally to 5 Days as Barclays Sees Growth Near 7%
Updated
Updated · Bloomberg · Jun 19
India's Nifty 50 Extends Rally to 5 Days as Barclays Sees Growth Near 7%
3 articles · Updated · Bloomberg · Jun 19
Summary
India’s Nifty 50 logged a fifth straight day of gains on Thursday, matching the benchmark’s winning streak from early April.
Cooling oil prices and rising hopes for Middle East peace improved sentiment toward India, while Barclays said the easing energy shock and fading tariff worries leave equities at a meaningful discount.
Growth near 7% and a firmer rupee are reinforcing that view, with Citi forecasting India could draw as much as $80 billion in foreign capital by year-end.
The upbeat regional backdrop offset some caution after Accenture warned of weaker revenue ahead as AI disruption weighs on consulting demand.