Share Market

MUMBAI: The multi-twelvemonth bull run in Indian stocks is likely to strain in 2008 and an requireed slowdown in the US whitethorn make more foreign investors see domestically-driven India a serious haven, JPMorgan Asset Management said on Wednesday. Concerns in U.S. pass on raise nervousness in developed economies in 2008 moreover India stands to gain, the Indian fund arm of JPMorgan said in its factsheet for December. payable to the low level of exposure of the Indian economy with the U.S. and hard domestic growth fundamentals, we believe the Indian market may be increasingly viewed as a relatively safety device haven by international investors, it said. The U.S. economy has been under instancy due to tightening of credit markets, a weakening living accommodations market and poor job data. The Fed has lowered its bench mark lending rate by 100 basis points since mid-September in a bid to boost the economy. The firm, which entered the rapidly growing Indian fund industry last year and managed assets worth close to 26 billion rupees at December-end, said any scrappy rate cuts in the U.S. was likely to benefit the Indian markets. We expect the trend of growing interest in Indian equities, twain by domestic and foreign investors, will likely move on in 2008, the Indian fund arm of JPMorgan (JPM.N: Quote, Profile, Research) said.

Indian stocks ruddiness 47.15 percent in 2007, interpreting their sixth straight year of increase and strongest growth in four years on record fund inflows and strong corporate results. Foreign funds, which play a major role in propelling Indias markets to record highs during the year, bought more than $17 billion of equities in 2007, the highest in a single year. PORTFOLIO SHIFT The fund house went underweight on financial stocks in December from an overweight position a month earlier and mainly bought battered information engineering stocks in the JPMorgan India Equity Fund. Exposure to the financial sector dropped to 20.48 percent of the assets from... If you want to get a full essay, order it on our website: Orderessay

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