India's Equity Market Surges to 52-Week Highs Fueled by Robust Earnings and Foreign Investment Revival

Overview

Indian equity benchmarks, Nifty 50 and Sensex, reached new 52-week highs on Thursday, driven by a resurgence in foreign institutional investor (FII) inflows and strong corporate earnings. Talks of a potential US-India deal also boosted market sentiment. Analysts view India's current valuations as attractive compared to Chinese equities, with expectations of an 11-12% rise in broader indices supported by reforms and capital expenditure growth.