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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Choose your reason below and click on the Report button. You have always been a long-term believer in India.
Find this comment offensive? If, however, I am wrong and there is no trade deal between US and China, then it is just bearish.
A stable coalition can lift Nifty past 12,; may fall to 10, if weak: The delivery of affordable homes is a long-term growth story which is very positive for those companies exposed to it.
It christopber should be positive for the government in terms of them getting re-elected. But the key issue right now is not the equity funds, it is the bond funds given what happened on the NBFCs. Your Reason has been Reported to the admin. This will alert our moderators to take action.
My Saved Articles Sign in Sign up. Technicals Technical Chart Visualize Screener. A non-BJP government in not impossible: Wood said Indian market has been resilient as the country is primarily a domestic-driven economy. Drag according to your convenience.
Fill in your details: Find this comment offensive? The Sensex is up I am telling investors to own 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.
This will alert our moderators to take action Name Reason for reporting: Get instant notifications from Economic Times Allow Not now.
Drag according to your convenience. Actually India was performing better than my base case expectation in the first eight months of this year woid 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.
Technicals Technical Chart Visualize Screener. I started the year triple overweight India. Are we in for tough days, better days or flat days for equity dlsa
I 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. NIFTY 50 10, 2. One should be buying the fear rather than getting scared from the fall? 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.
Pledged share issue in India not as grave as China: I am still overweight India. Wood said this would mean that the stock market will be much more resilient to monetary tightening and a wodo oil price than currently assumed.
New investment cycle nearer than expected: Chris Wood, CLSA
To see your saved stories, click on link hightlighted in bold. I am increasingly confident that capex has started to pick up: You have always been very positive about Indian Christophfr. So in the two-month view, it is all about the trade war but if I am right, we get some kind of trade deal between US and China, there will be a counter-trend relief rally.
The unpleasant christoper in India was the bond default. My Saved Articles Sign in Sign up. Will be displayed Will not be displayed Will be displayed. This will alert our moderators to take action Name Reason for reporting: This is all the more impressive given that the rupee is down 9.
Christopher Wood (financial analyst) – Wikipedia
My hope is that the worst has been seen in this area. Get instant notifications from Economic Times Allow Not now. In my view, the Chinese economy is still okay and I believe Emerging Market outperformance can resume and next year from an Indian standpoint, we will finally see concrete evidence of the long-awaited capex cycle in India.
That to me is curistopher pleasant surprise.
The CLSA View: In Conversation With Christopher Wood – video dailymotion
But my base case is at some point next year, the US monetary tightening will end and the dollar will peak out. This will alert our moderators to take action. The affordable housing programme is kicking in on the ground.
Are you confident that the capex cycle has picked up or is about to pick up in India? Choose your reason below and click on the Report button. I would not put it stronger than.