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.
|Published (Last):||27 November 2009|
|PDF File Size:||2.69 Mb|
|ePub File Size:||15.87 Mb|
|Price:||Free* [*Free Regsitration Required]|
Foul language Slanderous Inciting hatred against a certain community Others.
In my view, the residential property markets are still in an early stage of recovery after an extended downturn. So clearly a slow.
Find this comment offensive? Wood said this would mean that the stock market will be much more resilient to monetary tightening and a higher oil price than currently assumed. Wood said Indian market has been resilient as the country is primarily a domestic-driven economy.
NIFTY 50 10, 2.
Mutual fund flows into equities are at a risk: Chris Wood of CLSA
It also should be positive for the government in terms christopner them getting re-elected. Asia is the market that has been hit most by the so called US-China trade war.
I am increasingly confident that it has already started to pick up. Wood said Indian market has been resilient as the country is primarily a domestic-driven economy, which has much less exposure to trade concerns driven by US President Donald Trump. This will alert our moderators to take action Name Reason for reporting: This will alert our moderators to take action Name Reason for reporting: 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.
That to me is a pleasant surprise.
Never miss a great news story! I am increasingly confident that capex has started to pick up: Are you confident that the capex cycle has picked up or is about to pick up in India? My Saved Articles Sign in Sign up.
Use correction in financials to buy for the long term: CLSA’s Chris Wood
Choose your reason below and click christpher the Report button. It is a positive because foreigners have been selling and that is just playing good news because it makes the stock market much more resilient. This is all the more impressive given that the rupee is down 9. Actually India was performing better than my base case expectation in the first eight months wood this year but then we had the shock of a default by a triple AAA rated company which triggered some significant downside that obviously was not my base case.
I did not know that was going to happen but I am retaining my double overweight. It would also mean that any correction will be a buying opportunity, said Wood.
If there is a trade deal, then we can get a decent counter-trend year-end rally which will be led by Asian equities outperforming. You have always been very positive about Indian HFCs. But that trend has been very strong and domestic institutional investors are still pouring in money via the SIP route.
The delivery of affordable homes is a long-term growth story which is very positive for those companies exposed to it. Wopd think it is too late to reduce positions in India but based on my base case that the Modi government gets re-elected next year but with a reduced majority and that we get evidence of a capex cycle, I would be looking to raise my weightings early next year.
The CLSA View: In Conversation With Christopher Wood – video dailymotion
Fill in your details: Kamlesh Rao, Kotak Securities. How would you map the risk-reward ratio for equity as an asset class? The unpleasant surprise in India was the bond default. One should be buying the fear rather than getting scared from the fall?