Inside India newsletter: Wall Street and investors turn bullish on India after two turbulent quarters

Having overcome fears of the India-Pakistan conflict, Indian markets might lose its temporary status as a “safe haven” market if the U.S. and China come to a deal.

Those worries and a concoction of other factors — inflation, earnings disappointments — have led to lackluster performance for equities so far this year. The Nifty 50 is up 4.7% so far this year, and investors are likely to have welcomed the sideways move by the benchmark in May with a sigh of relief, in fact.

But the tide may be about to turn as Wall Street analysts and investors turn bullish.

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