India’s dependence on global markets for liquidity has reduced, with retail India providing strong inflows. rising US yields will not have a severe impact on India, as the country is more resilient and has seen higher interest rates in the past. Indian markets may be sideways in the medium term, but quarterly results and earnings growth will drive market performance. JM Financial Services is researching and keeping an eye on opportunities in the finsumption, capex, and Make in India sectors.
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