Insights: Carnegie Indienfond
Hot demand for aircon in 40-degree India
The Indian market was strong in March. Carnegie Indienfond rose 7.1 percent. An impressive 5 percent currency gain contributed to the performance. The Indian financial year 2020/21 closed with a...
Strong month assisted by infrastructure investments and new stimulus
The Indian market was strong in February. Carnegie Indienfond rose in value by 3.9 percent. An expansionary government budget with large investments in infrastructure, new stimulus and recapitalisation of the...
Potential for faster growth
The Indian market fell back in January, after two months of strong share price growth. Carnegie Indienfond fell 2.0 percent. India’s economy is now back in full swing. The...
Large inflow of international capital to India
The Indian market continued to trend very strongly in December. Carnegie Indienfond rose 4.6 percent. The market was characterised by increased global optimism following November’s US presidential election. The news...
The market touched another record high
The Indian market was strong in November, and Carnegie Indienfond rose 5.3 percent. The Indian stock market received record inflows of USD 6 billion in foreign capital in November. A...
Demand driven by need for greater digitalisation
The Indian market rose slightly in October but, due to a weakening of the currency, ended with largely unchanged share prices. Carnegie Indienfond also ended the month unchanged. The focus...
Strong growth in India
The Indian market saw steep gains in September. Carnegie Indienfond rose 7.0 percent, with a strong rupee accounting for some 4 percent. India has more or less entirely reopened after...
Indian car industry close to full speed
The Indian market was strong in August, and Carnegie Indienfond rose 3.3 percent. Despite an undiminished rise in Covid-19 numbers, with around 75,000 new cases daily, the Indian economy is...
A sideways trend
A weaker dollar, an escalation of US-China rhetoric and a runaway virus in the US led to a sideways July trend for the Indian market. Carnegie Indienfond rose by 0.1...
Car sales at half speed
The Indian market was strong in June. Carnegie Indienfond rose 6.1% this month. Global risk appetite is returning as a function of economies opening up and central banks printing new...
India was already cooling before lockdown
The Indian market fell again in May. Carnegie Indienfond fell 7.4 percent this month, largely due to a weakening of the currency. The Indian rupee fell 4.7 percent against the...
Low valuation – but too early to sound the all-clear
India went into lockdown in the last week of March in order to restrict the spread of Covid-19. This was originally intended to last three weeks, but has now been...
Focus on groceries during Indian lockdown
Since its peak on January 17, the Indian stock market has fallen 31%. India has had a number of corrections over the past five years. Narendra Modi’s economic policies have...
The downside to index tracking
Carnegie Indienfond fell 4.1 % this month. Around forty cases of coronavirus were registered in India this past week. All appear to have been infected abroad. India already has plenty...