India Could Gain From U.S. Midterm Outcome as Oil and Yields Ease: Axis Mutual Fund
India may emerge as an indirect beneficiary of the U.S. midterm election outcome if the result helps cool geopolitical tensions, soften crude oil prices and temper U.S. Treasury yields, according to Axis Mutual Fund. The firm said a more benign external backdrop could support foreign portfolio inflows, although domestic earnings growth will remain the decisive driver for Indian markets.
