Jefferies' Christopher Wood explains why Indian stock markets are underperforming
Though Indian domestic demand story remains rock solid, challenge for stock markets remains high valuations, writes Christopher Wood in his latest edition of widely followed Greed & Fear newsletter.
High valuation and FII selling are some of the reasons for underperformance of Indian stock markets at the start of this year, according to Christopher Wood, the Global Head of Equity Strategy at Jefferies, though he remains positive on Indian equities. Since rising to all-time highs of 18,900 on December 1, Nifty is down about 5%. During the same period MSCI Emerging Markets is up about 4%.
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