INSUBCONTINENT EXCLUSIVE:
While opinion polls show the ruling party winning with a reduced majority, the sentiment is being aided by a gush of foreign flows,
optimism is not predicated on a Modi victory alone
across main political parties will stay even if the opposition wrests power.
Here are some charts showing where sentiments stand as the
billion of stocks and bonds this year
to Rohit Garg, foreign-exchange and rates strategist for Asia at Bank of America Merrill Lynch in Singapore.
BondsAfter a wobbly start to
the year, sovereign bonds turned a corner in March as the central bank set out on its most aggressive monetary easing in three years
Iyer, head of fixed income at Kotak Mahindra Asset Management Co
While average yields on the AAA five-year corporate debt have fallen 72 basis points in the past six months, some investors say the
fixed income at Mumbai-based IDFC Asset Management Co.
Stock SwingsThe NSE Nifty 50 Index and a gauge tracking its volatility, which almost
always trade in opposite directions, have been moving together for over a month
The reason: demand for protection against swings in shares is rising as some investors weigh prospects for an election outcome going against
Prabhakar, head of research at IDBI Capital Market Services Ltd.
