Indian stocks to lag rivals as stimulus falls short – ZAWYA

Indian stocks to lag rivals as stimulus falls short – ZAWYA

Indian stocks to lag rivals as stimulus falls short | ZAWYA MENA Edition HomeMarketsEquitiesArticleIndian stocks to lag rivals as stimulus falls short Little room for more fiscal stimulus - investors    An investor watches the share index at a local share and stock market in the northern Indian city of Chandigarh June 18, 2012. BENGALURU: Foreign investors have begun to price in a slower rebound for Indian stocks this year on concerns that the relatively meagre stimulus the government has delivered for businesses and consumers will leave the economy trailing its main rivals.Mumbai's equity indices have bounced about 43 percent since crashing to a four-year low in March, as the huge flows of cheap capital provided by global central banks when COVID-19 struck made heavily-discounted stocks attractive.Despite pouring about $1.98 billion into Indian stocks since late March, foreign investors are still net sellers this year with outflows of $2.75 billion. In March alone, they pulled out $8.35 billion, according to stock exchange data.Mumbai's equity indices have bounced about 43 percent since crashing to a four-year low in March, as the huge flows of cheap capital provided by global central banks when COVID-19 struck made heavily-discounted stocks attractive.BENGALURU: Foreign investors have