Stock Market Tips, India most preferred em equity story for ten-year play: Wood

Get us on http://www.ripplesadvisory.com click here, more and for Two days Free Trial drop your missed call on - 9644405056

India remains the most preferred equity story in the emerging market universe on a ten-year view with the government’s renewed focus to address asset quality problems in the banking sector strengthening this stance, said Christopher Wood, CLSA’s chief equity strategist, in his latest weekly note ‘Greed and Fear’. 

In between though, Indian stock market could see a sharp correction, given the strong run this year. 

The Indian market could have a sharp correction at any time, said Wood, highlighting that CLSA’s long-only Asia ex-Japan portfolio, which is dominated by Indian domestic demand exposure that has risen 28.5% in dollar terms this year.