Indian equity market’s resilience may be a signal that a new investment cycle is nearer at hand than the consensus thinks, said Christopher. Markets are now driven by politics instead of central banks, according to Christopher Wood, an equity strategist at investment group CLSA. ABOUT Christopher Wood. Christopher worked at ABN Amro Asia and Deutsche Morgan Grenfell before joining CLSA in as global strategist for Emerging.
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My Saved Articles Sign in Sign up. This will alert our moderators to take action Name Reason for reporting: To see your saved stories, click on link hightlighted in bold. CLSA maintains its double overweight stance on India. One should be buying the fear rather than getting scared from the fall?
Despite IL&FS shock, I am still double overweight on India: Chris Wood, CLSA
A stable coalition can lift Nifty past 12,; may fall to 10, if weak: Will be displayed Will not be displayed Will be displayed. The unpleasant surprise in India was the bond default. Will be displayed Will not be displayed Will be displayed. Never miss a great news story!
It would also mean that any correction will be a buying opportunity, said Wood. This will alert our moderators to take action.
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Market Experts Advice, Recommendations, Information & News by Christopher Wood at
You have always been very positive about Indian HFCs. I am increasingly confident that capex has started to pick up: This will alert our csa to take action Name Reason for reporting: The Sensex is up The problem from macroeconomic stand point is that all the top-down data in India has been heavily distorted by the two events of demonetisation and second structural reforms in case of GST implementation. Technicals Technical Chart Visualize Screener.
The affordable housing programme wodo kicking in on the ground. Find this comment offensive?
I reduced it to double overweight. It also should be positive for the government in terms of them getting wiod. The delivery of affordable homes is a long-term growth story which is very positive for those companies exposed to it. Foul language Slanderous Inciting hatred against a certain community Others.
Capex cycle revival, Modi re-election key for rally: CLSA’s Chris Wood
But I completely agree with what you just said clsw the indications are that the investment cycles are on the point of turning and the resolution of some of these NPAs is a hugely significant and constructive development. I am still overweight India. Your Reason has been Reported to the admin. Technicals Technical Chart Visualize Screener. But my base woood is at some point next year, the US monetary tightening will end and the dollar will peak out. Pledged share issue in India not as grave as China: The other area where I would take advantage of the recent correction to add to the exposure is the affordable housing area.
I am telling investors to christopuer quality property stocks that will benefit from the healthy consolidation of the residential property sector which will be the consequence of the double shock of demonetisation and RERA. A non-BJP government in not impossible: Read more on CLSA. CLSA retains cautious view on Indian equities. Find this comment offensive?