India — the third largest economy in Asia — was the only emerging country in the region with a stock market that ended 2018 on a positive note, and Goldman Sachs is bullish on it.
Indian stocks have been one of the most resilient among emerging markets in the past year — and Goldman Sachs said equities will likely climb even higher in the coming months.
Timothy Moe, chief Asia Pacific equity strategist at Goldman Sachs, told CNBC's "Street Signs" on Wednesday that there are several factors behind the bank's call for Indian stocks to climb higher. The investment back said in the report that it has a buy rating for financial stocks such as State Bank of India and ICICI Bank.
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