India is hot trade again as investors chase Trump-era winners
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The NSE Nifty 50 Index surged to its highest level since October this week, fueled by optimism that India could be among the first to strike a deal with the US following upbeat comments by Trump. Corporate India has seized the momentum: Shapoorji Pallonji Group secured a $3.4 billion private credit deal, and Reliance Industries Ltd. locked in a $2.98 billion-equivalent loan, underscoring the rising appeal of the nation’s corporate debt to global investors. Behind this renewed enthusiasm lies a mix of favorable macroeconomic forces. Policymakers in New Delhi are targeting what they see as a once-in-a-generation chance to integrate the country more deeply into global supply chains. Meanwhile, in Mumbai, the Reserve Bank of India’s dovish stance is also supporting the bullish mood — bond yields are trading at their lowest levels in over three years. Bloomberg “India can be a big winner of Trump 2.0 if it plays its cards right,” said Trinh ...