Investors are shifting towards Indian large-cap stocks, influenced by a global sell-off in AI stocks and underperformance in small-cap stocks. India's GST revenue for October grew 23% year-on-year to 2.31 trillion rupees, marking the second-highest collection in history.
Bloomberg Markets reports that investors are shifting funds towards Indian large-cap stocks amidst a global sell-off in AI stocks and weak performance in small-cap stocks. In October, the Indian stock market outperformed its Asian peers and topped global IPO rankings, with software service exporters occupying the top five spots in the large-cap index. Additionally, India's Goods and Services Tax (GST) revenue in October increased by 23% year-on-year to 2.31 trillion rupees, marking the second-highest level ever.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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