India stocks are expected to trade only slightly higher by year-end, with analysts predicting a potential correction due to tightening global financial conditions.
Indian markets are expected to enter a consolidation phase before the next uptrend, as there is evidence of a capex cycle and strong volume growth in cement companies, according to Jefferies' Christopher Wood.
Shares in Asia are set to rise as US economic reports indicate slowing growth and the possibility of a more cautious approach by the Federal Reserve, with investors adopting a "bad news is good news" strategy.
India's stock market has seen a rally as strong macroeconomic fundamentals and China's economic slowdown keep foreign investors invested in Indian stocks, while a surge in retail investor interest continues to drive the market.
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