Has Dalal Street's near term outlook improved? HSBC lists 4 headwinds, 3 tailwinds to watch out for
HSBC Mutual Fund reported an improving near-term outlook for the Indian stock market, citing modest gains of 2% in July and a recovery in corporate earnings. The firm identified four headwinds, including rising global commodity prices due to geopolitical conflicts, and three tailwinds, such as government infrastructure investments and potential trade deals with the EU and US. HSBC remains optimistic about Indian equities in the long term, provided geopolitical tensions do not escalate further.