Veteran American investor Mark Mobius predicts Indian stock market will remain vital for the next 50 years

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New Delhi: Veteran American investor Mark Mobius has predicted that the Indian stock market will have a bullish phase for the next 50 years. He said he had invested nearly 50 percent of his emerging market funds in the stock markets of India and Taiwan. He has done this, given the massive fall in the stock markets of China. To compensate for this decline, the stock markets of India and Taiwan are emerging as a better option.

In an interview with Bloomberg TV, Mark Mobius said, “India will be in a bullish phase for the next 50 years. There may be periods of recession for some time in between, but they will not be very long and permanent. Emerging Although Indian market shares have lagged behind developed countries this year, their position has been much better than Chinese stocks. Mobius added, “People say emerging markets look bad because the Chinese stock market is dragging other countries’ indices down, but they have to focus on other sectors like India.” He said that India today is where China was ten years ago. The policies of the Government of India to implement uniform rules and regulations in all the states will help the country in the long run. Mark Mobius’s assessment of the uptrend in the Indian market comes at a time when Morgan Stanley and Nomura Holdings Inc. have downgraded the ratings of the Indian stock market and feared a slowdown.

Mobius Emerging Markets Fund holds 45 percent of the portfolio in India and Taiwan, and its specialized hardware and software account for the largest share in these markets. By the end of September, Indian software services provider Persistent Systems Ltd. and Taiwanese chip technology provider, eMemory Technology Inc., were the most prominent players. These two shares have more than doubled this year.

There was a significant fall in the Indian stock market last year, but since then, the market has been rising, and the BSE Sensex has more than doubled since March last year. On the other hand, due to the new business rules in China, the government’s strictness is considerable, due to which the shares of many companies have collapsed.


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