<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251120_1502_NSE-with-Rising-Chart_simple_compose_01kag9kedef4cvf21hqtsdsr49.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251120_1502_NSE-with-Rising-Chart_simple_compose_01kag9kedef4cvf21hqtsdsr49.png"/></p>
<p>印度基准股票指数在周四创下新高，受到外资投资者兴趣回暖、企业盈利稳定以及对宏观经济改善的乐观情绪的支持。</p>
<p>Nifty 50 指数在孟买上涨了 0.74%，达到 26,246.65，超过了 2024 年 9 月的峰值，成为今年最后一个创下历史新高的主要全球市场之一。</p>
<h2>外资流入在情绪改善中回归</h2>
<p>在连续三个月撤资后，海外投资者在十月份恢复了对印度股票的净购买。</p>
<p>全球基金自上个月初以来已净投资 13 亿美元，受到更好的盈利结果、较低的消费税和与华盛顿贸易谈判进展的鼓舞。</p>
<p>PL Asset Management 的基金经理 Siddharth Vora 在彭博社的报道中表示：“我们看到强劲的复苏，受到节日消费强劲、盈利稳定和外资投资者需求明显回升的推动。”</p>
<p>他补充说，这些因素改善了印度市场的整体风险回报平衡。</p>
<p>根据花旗集团的数据，九月份季度的企业业绩 “略高于” 预期。</p>
<p>经过一段时间的下调后，市场共识盈利预测现在显示出稳定的迹象。</p>
<p>彭博情报数据显示，MSCI 印度成分股的盈利预计在 2026 年增长 15.9%，而今年仅增长约 2%。</p>
<h2>全球银行尽管估值担忧仍转向看涨</h2>
<p>复苏的加强促使主要全球金融机构对印度市场采取更为积极的看法。</p>
<p>摩根士丹利和高盛均已转向看涨，指出盈利趋势改善和政策支持势头。</p>
<p>摩根士丹利预计印度将克服相对于新兴市场同行的相对低迷期，并预测 BSE Sensex 到 2026 年底将上涨 13%。</p>
<p>分析师 Ridham Desai 和 Nayant Parekh 写道，印度的政策转变为名义增长和企业盈利的反弹奠定了基础，尤其是在中期周期放缓之后。</p>
<p>该公司为 Sensex 指定了一个牛市目标，预计到 2026 年 12 月将达到 107,000——比当前水平几乎上涨 26%。</p>
<p>高盛还将印度评级上调至超配，并预测 Nifty 50 到 2026 年 12 月将达到 29,000，意味着上涨 11%。</p>
<p>该券商指出，印度股票在 2024 年落后于全球同行，但随着政策支持加强和宏观经济压力缓解，似乎已为反转做好了良好准备。</p>
<p>预计印度储备银行的潜在降息、流动性改善、银行放松管制、GST 调整和财政整合速度放缓等因素将促进表现。</p>
<h2>尽管风险依然存在，市场动能依然增强</h2>
<p>印度仍在朝着连续第十年创下年度股票收益的记录前进，受到近 780 亿美元的国内机构投资和稳定的零售参与的支持。</p>
<p>然而，市场仍落后于区域基准：MSCI 印度的表现自 1993 年以来落后于新兴市场同行的幅度最大，部分原因是全球 AI 相关股票的上涨，而印度在这一领域的敞口相对较低。</p>
<p>尽管如此，分析师表示，该国的防御性市场定位、改善的企业基本面和政策连续性仍然吸引着寻求亚洲替代增长机会的投资者。</p>
<p>随着外资流入回归和盈利动能增强，印度的股票市场在年末进入最后阶段，信心恢复，2026 年的预期更强。</p>
<p>印度股票市场在外资流入复苏和盈利增强的背景下创下新纪录，文章首发于 Invezz。</p>

高盛

摩根士丹利

<p>印度股市创下新高，主要受到外资投资兴趣回暖、企业盈利稳定以及对宏观经济形势的乐观情绪推动。Nifty 50 指数上涨 0.74%，达到 26,246.65。摩根士丹利和高盛等全球银行采取了看涨立场，预测未来将进一步增长。尽管与其他新兴市场相比表现稍显逊色，但印度市场受到国内投资和政策支持的提振，预计将持续增长至 2026 年</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251120_1502_NSE-with-Rising-Chart_simple_compose_01kag9kedef4cvf21hqtsdsr49.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/11/20251120_1502_NSE-with-Rising-Chart_simple_compose_01kag9kedef4cvf21hqtsdsr49.png"/></p>
<p>India’s benchmark equity index touched a fresh record high on Thursday, supported by renewed foreign investor interest, stabilizing corporate earnings, and optimism over improving macroeconomic conditions.</p>
<div class="lb-trans"><p>印度基准股票指数在周四创下新高，受到外资投资者兴趣回暖、企业盈利稳定以及对宏观经济改善的乐观情绪的支持。</p>
</div><p>The Nifty 50 Index climbed as much as 0.74% to 26,246.65 in Mumbai, surpassing its September 2024 peak and becoming one of the final major global markets to set a new all-time high this year.</p>
<div class="lb-trans"><p>Nifty 50 指数在孟买上涨了 0.74%，达到 26,246.65，超过了 2024 年 9 月的峰值，成为今年最后一个创下历史新高的主要全球市场之一。</p>
</div><h2>Foreign inflows return amid improving sentiment</h2>
<div class="lb-trans"><h2>外资流入在情绪改善中回归</h2>
</div><p>Overseas investors resumed net purchases of Indian equities in October after three consecutive months of withdrawals.</p>
<div class="lb-trans"><p>在连续三个月撤资后，海外投资者在十月份恢复了对印度股票的净购买。</p>
</div><p>Global funds have invested a net $1.3 billion since the beginning of last month, encouraged by better earnings results, lower consumption taxes, and progress in trade negotiations with Washington.</p>
<div class="lb-trans"><p>全球基金自上个月初以来已净投资 13 亿美元，受到更好的盈利结果、较低的消费税和与华盛顿贸易谈判进展的鼓舞。</p>
</div><p>“We’re seeing a powerful resurgence, driven by strong festive consumption, stabilizing earnings, and a clear revival in foreign investor appetite,” said Siddharth Vora, fund manager at PL Asset Management in a Bloomberg report.</p>
<div class="lb-trans"><p>PL Asset Management 的基金经理 Siddharth Vora 在彭博社的报道中表示：“我们看到强劲的复苏，受到节日消费强劲、盈利稳定和外资投资者需求明显回升的推动。”</p>
</div><p>He added that these factors improve the broader risk–reward balance for Indian markets.</p>
<div class="lb-trans"><p>他补充说，这些因素改善了印度市场的整体风险回报平衡。</p>
</div><p>Corporate results for the September quarter came in “slightly ahead” of expectations, according to Citigroup.</p>
<div class="lb-trans"><p>根据花旗集团的数据，九月份季度的企业业绩 “略高于” 预期。</p>
</div><p>Consensus earnings forecasts, which had been trimmed over an extended period, are now showing signs of stabilizing.</p>
<div class="lb-trans"><p>经过一段时间的下调后，市场共识盈利预测现在显示出稳定的迹象。</p>
</div><p>Bloomberg Intelligence data indicates that earnings for MSCI India constituents are expected to grow 15.9% in 2026, compared with only about 2% this year.</p>
<div class="lb-trans"><p>彭博情报数据显示，MSCI 印度成分股的盈利预计在 2026 年增长 15.9%，而今年仅增长约 2%。</p>
</div><h2>Global banks turn bullish despite valuation concerns</h2>
<div class="lb-trans"><h2>全球银行尽管估值担忧仍转向看涨</h2>
</div><p>The strengthening recovery has prompted major global financial institutions to adopt a more constructive view on Indian markets.</p>
<div class="lb-trans"><p>复苏的加强促使主要全球金融机构对印度市场采取更为积极的看法。</p>
</div><p>Both Morgan Stanley and Goldman Sachs have shifted to a bullish stance, citing improving profit trends and supportive policy momentum.</p>
<div class="lb-trans"><p>摩根士丹利和高盛均已转向看涨，指出盈利趋势改善和政策支持势头。</p>
</div><p>Morgan Stanley expects India to overcome its period of relative underperformance against emerging-market peers and forecasts the BSE Sensex to rise by 13% by the end of 2026.</p>
<div class="lb-trans"><p>摩根士丹利预计印度将克服相对于新兴市场同行的相对低迷期，并预测 BSE Sensex 到 2026 年底将上涨 13%。</p>
</div><p>Analysts Ridham Desai and Nayant Parekh wrote that India’s policy pivot is laying the groundwork for a rebound in nominal growth and corporate earnings after a mid-cycle slowdown.</p>
<div class="lb-trans"><p>分析师 Ridham Desai 和 Nayant Parekh 写道，印度的政策转变为名义增长和企业盈利的反弹奠定了基础，尤其是在中期周期放缓之后。</p>
</div><p>The firm assigned a bull-case target of 107,000 for the Sensex by December 2026—an almost 26% upside from current levels.</p>
<div class="lb-trans"><p>该公司为 Sensex 指定了一个牛市目标，预计到 2026 年 12 月将达到 107,000——比当前水平几乎上涨 26%。</p>
</div><p>Goldman Sachs also upgraded India to Overweight and projected the Nifty 50 to reach 29,000 by December 2026, implying an 11% rise.</p>
<div class="lb-trans"><p>高盛还将印度评级上调至超配，并预测 Nifty 50 到 2026 年 12 月将达到 29,000，意味着上涨 11%。</p>
</div><p>The brokerage noted that Indian equities, which lagged global peers through 2024, appear well positioned for a reversal as policy support strengthens and macroeconomic pressures ease.</p>
<div class="lb-trans"><p>该券商指出，印度股票在 2024 年落后于全球同行，但随着政策支持加强和宏观经济压力缓解，似乎已为反转做好了良好准备。</p>
</div><p>Potential Reserve Bank of India rate cuts, improved liquidity, bank deregulation, GST adjustments, and a slower pace of fiscal consolidation are among the factors expected to bolster performance.</p>
<div class="lb-trans"><p>预计印度储备银行的潜在降息、流动性改善、银行放松管制、GST 调整和财政整合速度放缓等因素将促进表现。</p>
</div><h2>Market momentum builds despite lingering risks</h2>
<div class="lb-trans"><h2>尽管风险依然存在，市场动能依然增强</h2>
</div><p>India remains on course for a record tenth consecutive year of annual equity gains, buoyed by nearly $78 billion in domestic institutional investment and steady retail participation.</p>
<div class="lb-trans"><p>印度仍在朝着连续第十年创下年度股票收益的记录前进，受到近 780 亿美元的国内机构投资和稳定的零售参与的支持。</p>
</div><p>Yet the market still trails regional benchmarks: MSCI India is underperforming its emerging-market counterpart by the widest margin since 1993, partly due to the global rally in AI-related stocks—an area where India has comparatively lower exposure.</p>
<div class="lb-trans"><p>然而，市场仍落后于区域基准：MSCI 印度的表现自 1993 年以来落后于新兴市场同行的幅度最大，部分原因是全球 AI 相关股票的上涨，而印度在这一领域的敞口相对较低。</p>
</div><p>Even so, analysts say the country’s defensive market positioning, improving corporate fundamentals, and policy continuity continue to attract investors seeking alternative growth opportunities in Asia.</p>
<div class="lb-trans"><p>尽管如此，分析师表示，该国的防御性市场定位、改善的企业基本面和政策连续性仍然吸引着寻求亚洲替代增长机会的投资者。</p>
</div><p>As foreign inflows return and earnings momentum firms, India’s equity market enters the final stretch of the year with renewed confidence and stronger expectations for 2026.</p>
<div class="lb-trans"><p>随着外资流入回归和盈利动能增强，印度的股票市场在年末进入最后阶段，信心恢复，2026 年的预期更强。</p>
</div><p>The post India’s equity market hits new record as foreign inflows revive and earnings strengthen appeared first on Invezz</p>
<div class="lb-trans"><p>印度股票市场在外资流入复苏和盈利增强的背景下创下新纪录，文章首发于 Invezz。</p>
</div>

由于外国资金流入的复苏和企业收益的增强，印度股市创下新纪录