10/17/2023 0 Comments Moment ranks![]() In the longer term, market watchers will also closely scrutinize India’s ability to build fast and adequate infrastructure, lift education standards and create enough jobs for a burgeoning young population amid a rising threat from the increased use of artificial intelligence. Investors have to navigate a general election in April-May that some strategists say has the potential to swing markets. India’s rupee meanwhile is hovering near a record low. Resurgent crude oil prices threaten to worsen inflation dynamics for the central bank, which is already troubled by a surge in prices of everyday items from tomatoes to onions. To be sure, there are several risks on the horizon for India. READ: Why China Is Avoiding Using ‘Bazooka’ to Spur Economy: QuickTake Generali reduced its overweight on China last month as policymakers opt for limited measures to help companies and boost sentiment over an all-out stimulus plan, he said. Milan-based Generali Investments is bullish on India for its economic growth and earnings outlook, according to Michele Morganti, the firm’s senior equity strategist. The US has seen its market capitalization about double in the period. Having nearly tripled its value since the pandemic low for global equities in March 2020, India is now the world’s fifth-largest stock market, data compiled by Bloomberg show. READ: Population Boom Spurs Hunt for Stock Market Winners in India Wood described India as the “market I want to be in Asia for the next 10 years,” foreseeing strong growth in corporate earnings led by a rejuvenating private investment and real estate cycle. “My favorite market in Asia remains India,” Chris Wood, the global head of equity strategy at Jefferies LLC, said in a Bloomberg Television interview this week. are among those expanding production in the nation. With the West looking to curb China’s influence, Modi has rolled out a mix of tariffs and incentives to lure companies to make in India and firms including Apple Inc. India’s stock market hit an all-time high valuation of $3.8 trillion this week, a perfectly timed billboard for Modi as the G-20 summit gives him another opportunity to showcase the nation’s potential as a geopolitical juggernaut. “The shift to a multi-polar world would also likely benefit India,” with the government moving to make doing business in India more attractive. “Strong domestic growth prospects, ongoing policy reforms as well as robust credit growth are tailwinds contributing to the outperformance of Indian equities,” said Audrey Goh, investment strategist at Standard Chartered Bank SG Ltd. READ: Global Money Is Chasing China Alternatives as Anxiety Grows analysts wrote in a report earlier this month. Developing-market money managers are now most overweight on India in their Asia portfolios as a “safe place to hide,” while China ranks among their largest underweights, Goldman Sachs Group Inc. In fact, troubles at its biggest EM rival have only burnished India’s appeal. The milestones are a stark contrast to many emerging-market peers, not least to neighboring China, whose economic woes and struggling financial markets have become a source of frustration for global investors. 12: iPhone 15, Watches, AirPodsīoosted by one of the world’s fastest growing economies, solid corporate earnings and an unprecedented retail investing boom, the nation’s equity benchmark is also approaching an all-time high. Meloni Tells China That Italy Plans to Exit Belt and Roadīoss of Failed Crypto Exchange Gets 11,000-Year SentenceĮverything Apple Plans to Show on Sept. India’s G-20 Win Shows US Learning How to Counter China Rise Trudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From Modi ![]() Your MomentRanks Play account is linked to your Top Shot account, so you can only play Moments you own in your Top Shot account.Īgain, we are seeking our first beta testers for the game.(Bloomberg) - A record stock-market valuation and surging foreign inflows make for a great backdrop as Prime Minister Narendra Modi looks to tout India’s growing prominence to world leaders at this weekend’s Group of 20 summit in New Delhi. There will be a daily total points contest with prizes, as well as public and private head-to-heads where you can play with friends. if Kyle Kuzma scores more points than he has averaged in his last 10, he gets a bonus). This bonus will applied based on the Moment's tier (Common/Rare/Legendary) if they meet certain performance thresholds (i.e. Moments will have opportunities to score bonuses based on their performances. ![]() 5 Moments in a lineup - no more than 2 Moments from the same player, no child Moment (#8/50) can be used in the same lineup twice ![]() Points/assists/blocks/steals will all be scored for every Moment in your lineups MomentRanks Play is completely free to play See the teaser video and RT for a chance at beta access to MomentRanks Play on Twitter. ![]()
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