Global equities are set to generate "solid long-term returns despite elevated valuations," Goldman Sachs has said in its latest Global Strategy Paper, forecasting a 10-year annualised return of 7.7 per cent in USD terms for global stock markets.
The domestic stock markets opened on a strong note today, gaining over 0.5 per cent, as exit polls indicated a comfortable majority for the ruling coalition in Bihar.
The selling spree continued in Indian stock markets on Friday, as both key indices extended their weekly losses, slipping nearly 1 per cent amid weak investor sentiment and a lack of clarity on the much-anticipated India-US trade deal.
The domestic stock markets opened flat on Thursday as investors closely monitored the Bihar assembly election voting. The outcome of the Bihar polls holds significant importance given central government dependence on coalition partners.
The domestic stock markets are now in a healthier state compared to last year as the earnings cycle appears to be bottoming out, according to a report by Motilal Oswal Financial Services.
After three consecutive months of persistent selling, foreign portfolio investors (FPIs) again turned net buyers in the Indian stock markets in October.
The domestic stock markets opened on a cautious note ahead of the crucial meeting between U.S. President Donald Trump and Chinese President Xi Jinping, with experts expecting Indian markets to touch new all-time highs in the coming weeks.