Gold Silver Reports (GSR) – India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says – NSE Nifty 50 Index won’t cross the 11,000 level in 2018 as concerns about the revenue and fiscal deficits, higher oil price and inflation, new taxes on equity gains and political uncertainties will continue to linger on and impact returns, CLSA India Pvt. said in an investor note Monday.
📌 Expected earnings improvement unlikely “to offset the impact of these macro concerns”
📌 Expect “further slippage” in India’s fiscal deficit in the financial year that began April after the nation eased its target last year, the first time in six
📌 Earnings of the 50 Nifty companies to rise more than 10% for the year ended March 31 after three years of “single-digit” growth
