Indian investors shift away from Modi-linked stocks towards consumer and software sectors.
Indian investors are moving away from stocks tied to Prime Minister Narendra Modi, focusing instead on defensive sectors like consumer and software. In his first 100 days, Modi-linked stocks rose only 2%, while consumer and software stocks increased by 20% and 34%, respectively. This shift is influenced by recent policy changes and concerns about government-related investments underperforming the broader market. Domestic and foreign funds are reducing exposure to these sectors.
September 18, 2024
6 Articles