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Election fog clouds Indian stocks' outlook for first time this year: Poll

With state elections slated over coming months and a general election scheduled for May, Indian shares could remain subdued until the results become clear

Reuters  |  Bengaluru 

The outlook for Indian stocks for 2019 has been downgraded for the first time this year, according to a Reuters poll of strategists who expect the market to recoup its recent losses only once uncertainty around next year's elections fade. Pressured by a steep sell-off in global equities along with dwindling credit supply, India's main stock index, the BSE Sensex, has fallen about 10 percent since hitting a life-high of 38,989.65 on August 29. October was its worst monthly decline since the financial crisis a decade ago. With state elections slated over coming months ...

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First Published: Wed, November 28 2018. 10:44 IST