Traditional pre-election rally eludes Indian stocks [Globe and Mail, The (Toronto, Canada)]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: Globe and Mail, The
to win, Indian equity markets are uncharacteristically languid and not seeing the traditional pre-election rally. Analysts say this time is different, pointing to a stellar rally in the past year, rich valuations and uncertainties around political issues such as corruption and electoral funding as factors giving investors reason to pause. The Nifty index has climbed over 30% over the past year, the second biggest gain among Asian indexes, but has faltered this month. Abhisekh Goenka, founder and CEO of wealth management firm IFA Global, said stocks had been weighed down by profit-taking at the financial year end in March and political factors. Parliamentary elections will be held in phases from April 19 to June 1. The consensus is for Prime Minister Narendra Modi's National Democratic Alliance (NDA) coalition government to win the elections. But a string of recent developments including disclosures on political funding for Modi's party, and other tax and corruption charges a
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News
- European stocks set to react positively to soft U.S. inflation data, following global markets higher [CNBC]CNBC
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
- Federated Hermes Premier Municipal Income Fund declares dividendPR Newswire
- Is there a new inflation trend that could affect Fed policy? [Yahoo! Finance]Yahoo! Finance
- Is there a new inflation trend that could affect Fed policy? [Yahoo! Finance Canada]Yahoo! Finance Canada
FHI
Earnings
- 4/25/24 - In-Line
FHI
Sec Filings
- 5/14/24 - Form 13F-HR
- 5/6/24 - Form N-CEN
- 4/29/24 - Form 4
- FHI's page on the SEC website