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Reduce stake in Indian markets: Credit Suisse

Reduce stake in Indian markets: Credit Suisse
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First Published: Mon, Apr 27 2009. 11 09 PM IST
Updated: Mon, Apr 27 2009. 11 09 PM IST
Singapore: Investors should lower their holdings of Indian stocks on concern the nation’s ongoing elections may prove a sharp disappointment, Credit Suisse Group AG said.
Shares appear to have priced in a victory for a market-friendly, stable government without factoring the possibility of other outcomes, the brokerage said. Regional investors should instead buy other so-called high beta markets and local shareholders should reduce their holdings of more volatile stocks such as Bharat Heavy Electricals Ltd, they added.
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First Published: Mon, Apr 27 2009. 11 09 PM IST