Global inflows help Indian stocks become EM Asia’s top gainers

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Key Points

Foreign inflows into Indian stocks accelerated to a nine-month high in May as investors sought to capitalize on one of the fastest growth rates among major economies...

Global funds snapped up the stocks for 24 consecutive days through May 31, the longest streak since August 2016...

India will be one of the top two or three markets that will yield double digit corporate earnings for next five years compared to Europe and even China, Rajiv Jain, GQGs chief investment officer, said in an interview...

Cigarette and hotel group ITC Ltd., the countrys biggest drugmaker Sun Pharmaceutical Industries Ltd., along with lenders ranging from the State Bank of India and ICICI Bank Ltd. are among GQGs key India bets, apart from recent investments in Adani Group firms...

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