Indian investors remain most optimistic in Asia: ING
Press Trust of India / New Delhi Jul 15, 2009, 15:04 IST
Indian investors continue to be the most optimistic lot in Asia and as much as 84 per cent of those surveyed expect the stock market to rise in the third quarter of 2009, according to global financial services group ING.
As per the Quarterly Investor Dashboard Sentiment survey by ING, investors in the surveyed Asian countries believed that economic situation has improved and 93 per cent Indians feel conditions would further improve in the third quarter.
"The Indian investor index jumped to a record high of 182 for second quarter of 2009 from 133 from first quarter of 2009 amidst anticipated strong GDP growth and stock market improvements," the ING report stated.
In the first quarter of this year as well, investor index had jumped 75 per cent to 133 from 76 in Q4 2008. Overall, there was a significant 81 per cent upswing in the investor sentiment in Asia for the first half of 2009 and a 55 per cent quarter-on-quarter increase for Q2 2009 from Q1 2009, the survey said.
Investors in India have emerged optimistic in almost all the key performance indicators including household financial situation, impact of US economy, property prices and stock marker recovery.
"84 per cent of the Indian investors feel that the stock market will further rise in Q3 2009, reflecting bullishness and reinforcing the optimistic outlook for the next quarter," the report said.
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