Deutsche Bank in a report released just minutes ago expects a Stock market Rally in India. The report said,
bullish stance on Indian markets as confluence of lower oil prices, 3-years low valuations (Sensex valuation at 12.3x 1 yr forward is lowest since June 2009), a sharply depreciated INR (+25% yoy), and a likely improvement on policy expectations will lend support to markets. However, for the rally to get more entrenched, the policy environment will need to improve considerably.
