Economics
A $6 Billion Manager Says India Equities Rally has Room to Run
- Nifty earnings to rise 19% next fiscal, Birla Sun’s Patil Says
- Expect ‘low teen’ Nifty returns this year as growth returns
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One of Asia’s best-performing stock markets in 2017 is not done yet.
A gauge of India’s top 50 companies is set for “low teen returns” this year, boosted by a revival in company earnings, economic growth and renewed interest from local and global funds, according to the nation’s fourth-largest money manager. The climb, should it happen, would be the index’s first back-to-back double-digit annual advance in eight years.