The investment firm’s report doesn’t quite reflect optimism in the Indian markets, and runs contrary to the ground reality.
Brokerage firm CLSA, last week, decided that it is reversing its tactical allocation shift from India to China. The Hong Kong-based investment firm’s latest report makes it seem like a good time to be bullish about Indian capital markets. But the U-turn likely has more to do with factors in China and the US than market fundamentals in India.
Curiously, CLSA’s report comes as the Sensex and Nifty 50 indices fell almost 10% from the record high they reached in late September. Concerns over rising inflation and disappointments over poor quarterly earnings of corporations are affecting market sentiment, resulting in …
Sethu writes on all things technology at The Morning Context. He previously worked as a senior sub-editor at Indian Express.
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