India to outperform poll-bound emerging markets in 2019

The election season in select EMs started on March 24 with Thailand heading into polls

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The brokerage said that domestic flows may not be enough to protect India from any global sell-off, especially in large-caps. It added that analysts’ estimates of a sharp earnings bounce-back doesn’t give a true picture of growth concerns

Puneet Wadhwa New Delhi

3 min read Last Updated : Mar 27 2019 | 1:13 AM IST

Indian equity benchmarks are likely to continue outperforming their emerging market (EM) and Asian peers in calendar year 2019 (CY19) that are headed into polls this year, analysts say. Though they believe there could be intermittent corrections, the overall trend for Indian equities remains bullish.

The election season in select EMs started on March 24 with Thailand heading into polls. Till December 2019, as many as 12 EMs / Asian economies, including India, Indonesia, Panama, South Africa, Bolivia and Ukraine will vote to elect a new central government.

Over the past one year, the S&P BSE Sensex and the Nifty50