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Stock impact report

'Boring' India More Interesting To Wall Street If Modi Remains [Forbes]

HDFC Bank Limited (HDB) 
Company Research Source: Forbes
'Boring' India More Interesting To Wall Street If Modi Remains Bharatiya Janata Party (BJP) supporters wear masks of Indian Prime Minister Narendra Modi, center and Uttar Pradesh Chief Minister Yogi Adityanath, left, during an election rally in Prayagraj, India, Monday, April 29, 2019. (AP Photo/Rajesh Kumar Singh) ASSOCIATED PRESS India's GDP is growing faster than China's. It's not in the crossfire of any serious trade friction. And yet India is the big bore of the big four emerging markets. In a year when emerging market stocks are up 12.7%, the Sensex Index is up 8.2%. The Wisdom Tree India Earnings (EPI) exchange traded fund is up 5.5%. Normally, gains like that would be good. They Modi is expected to keep his job. Should his BJP lose the majority in Congress, then Indian National Congress politician Rahul Gandhi is the likely leader. Investors prefer Modi, but are not worried about a surprise Gandhi win as he is not considered to be anti-business or anti-markets. (AP Photo/Raja Show less Read more
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