Stock Market News 24.08.2018

Why India’s stock market rally lacks depth
Analysts believe the top 10 shares by market value will continue
to outperform and lead the Indian index, given the backdrop of
a weaker rupee and their stronger earnings growth.
1-18
 
Gautam Chhaochharia, head of India Research at UBS, said the
rally in the top 10 firms had largely to do with the strength in
earnings. “It’s about markets sticking to visible growth,” he said.
Disclosure: Reliance Industries Ltd. is the sole beneficiary of
Independent Media Trust which controls
Network18 Media & Investments Ltd.

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