Upbeat Quarterly Earnings Strengthen Investment Case for Indian Equities

Indian equities are outperforming other Asian markets as September quarter profits for roughly two-thirds of reporting BSE 100 companies rose 20% from a year earlier.

Citigroup reported this growth as the fastest in at least five quarters, driven by upgrades in consumer staples, steel, and financial sectors.

Foreign investors have been net buyers of local shares for three consecutive weeks following $30 billion in earlier outflows, helping support the $5.1 trillion market.