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Indian stocks set for muted gains by year-end, correction likely: Reuters poll

  Indian stocks set for muted gains by year-end, correction likely: Reuters poll Men watch a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing Rights BENGALURU, Aug 23 (Reuters) - India stocks will trade only modestly higher at year-end, according to a Reuters poll of equity analysts who said a correction was likely before then, citing tightening global financial conditions as a risk. Driven by positive foreign and domestic investment inflows, the benchmark BSE Sensex Index (.BSESN) touched an all-time high of 67,619.2 on July 20, up around 18% from the year's low of 57,084.9 set only four months earlier. One of the best performers among emerging market peers, Indian equities are up over 7% for the year, but concerns over U.S. interest rates remaining higher for longer along with China's slow economic recovery has halted the rally. The median forecast
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The contract approval, following several weeks of voting,

  The contract approval, following several weeks of voting,  marks a labor movement victory that could add momentum to organizers in other major negotiations. The United Auto Workers union, for example, is pressing Detroit carmakers for substantial pay increases with just weeks left on the current contract, putting a potential strike on the table. “It’s a very effective sales tool for the Teamsters and other unions organizing in the logistics industry and beyond,” said Seth Harris, a law and policy professor at Northeastern University who was President Joe Biden’s top labor policy adviser until last year. “Truck drivers, warehouse workers and others are going to look at this contract and say: ‘I want my pay to go up. I want to be protected from heat hazards. I want to be treated fairly in the workplace.’ And this contract is a powerful indication that joining the union gets you those things,” Harris said. The new agreement eliminates a widely criticized two-tiered wage system and insti
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