India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market.
Prime Minister Narendra Modi's party failed to deliver the expected landslide win, clouding the outlook for growth and reform policies.
ICICI Bank (IBN) remains well-positioned for top-line growth, given solid loan and deposit balances, rising non-interest income and high interest rates. However, high costs and weak asset quality remain woes.