iShares India 50 ETF [INDY] Stock Forecast

We have highlighted ETFs that are expected to benefit/lose from higher oil prices.

The introduction of India government???s bonds into two major global indexes is providing a significant boost to the rapidly expanding nation.

INDY: Catalysts In Focus

Emerging markets have taken solace in the view that the U.S. hiking cycle is over, helping deliver strong returns in 2023. Slowing global inflation has been due to sharply lower core goods inflation, while service prices have remained stickier.

Steve Weiss, Short Hills Capital Partners founder and managing partner, joins 'Halftime Report' to break down his bet on the emerging market, India.

Emerging markets will also be looking closely at economic conditions in mainland China, which will be a key determinant of broader emerging market growth in 2024. A key reason for diverging emerging and developed market performance was the marked variation in demand conditions.

International stocks have generally underperformed in 2023, but India's Nifty 50 Index has reached all-time highs. The iShares India 50 ETF (INDY) has decent valuation and favorable technicals, making it a potential buy. INDY has high exposure to large-cap growth stocks and carries some sector allocation risks, but the overall chart and trend are constructive.

After a brief pause in Q3, India's flagship Nifty 50 resumed its YTD rally in Q4. The near-term fundamental and technical setup supports more upside from here. Ahead of a major election catalyst in early 2024, the more concentrated INDY portfolio could outperform.

With IMF raising India's growth forecast for 2023 and the festive seasons set to boost the retail and service sector driven by robust consumer consumption and a growing middle class, look into India ETFs to capitalize on the country's growth prospects.

Though prices remained steady currently due to geopolitical tensions in the Middle East, chances of a prolonged bull run in oil prices have been dampened lately as the "demand destruction" became evident in the energy sector.

iShares India 50 ETF is a US stock and trading under the symbol INDY

iShares India 50 ETF stock price is $49.72 today.

Yes, iShares India 50 ETF is a publicly traded company.