India stocks fell, with the benchmark equity index posting its longest losing streak in almost three months, joining a rout among peers across Asia as investors remained on edge ahead of trade talks between U.S. and China this week.
Analysts went wrong with their predictions for two-thirds of India’s 50 largest companies this year. Shares of 32 of the Nifty 50 companies failed to meet 12-month target price estimates made at the start of the year, according to Bloomberg data.
Using quarterly data for the last 18 years, we used regression analysis to understand the impact of three macro variables: year-on year change in exchange rates, GDP growth, and interest rates on stock prices.
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