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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But the key issue right now is not the equity funds, it is the bond funds given what happened on the NBFCs.

The other area where I would take advantage of the recent correction to add to the exposure is the affordable housing area.

RBI interest rate cut surprising: Christopher Wood of CLSA – Livemint

A stable coalition can lift Nifty past 12,; may fall to 10, if weak: Read more on CLSA. This will alert our moderators christophfr take action Name Reason for reporting: I am telling clas 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. The affordable housing programme is kicking in on the ground.

One should be buying the fear rather than getting scared from the fall? The Sensex is up The pleasant surprise this year has been the equity inflows have been maintained to a greater degree than most of us were expecting.

Christopher Wood, Equity Strategist, CLSA

Read more on Indian Stock market. However, we are not out of the woods completely because we claa have US monetary tightening going on. I am increasingly confident that it has already started to pick up. Never miss a great news chrisyopher 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.


Christopher Wood, Equity Strategist, CLSA – CLSA

So how does this change the equation for markets and especially for liquidity? Drag according to your convenience. There will be more slowdown than previously anticipated but clearly a lot of that slowdown has been probably more than discounted in the sharp selloff.

Wood said Indian market has been resilient as the country is primarily woox domestic-driven economy, which has much less exposure to trade concerns driven by US President Donald Trump. Your Reason has been Reported to the admin. 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. But that trend has been very strong and domestic institutional investors are still pouring in money via the SIP route.

But my base case is at some point next year, the US monetary tightening will end and the dollar will peak out. I am increasingly confident that capex has claa to pick up: This will alert our moderators to take action. Will be displayed Will not be displayed Will be displayed. Kamlesh Rao, Kotak Securities. dood

RBI interest rate cut surprising: Christopher Wood of CLSA

Actually India was performing better than my base case expectation in the first eight months of this year but then we had the shock of a default by a triple AAA claa company which triggered some significant downside that obviously was not my base case. Technicals Technical Chart Visualize Screener. Fill in your details: It would also mean that christopuer correction will be a buying opportunity, said Wood.

I definitely think that but there is a technical issue which we cannot ignore and that technical issue is that the legitimacy of credit ratings has been badly damaged if not destroyed which would mean that the market is now going to pay more attention to the parentage of these companies because they do not trust the credit ratings and there is a regulatory issue of what the regulators are going to do to address this area, because clearly this is not an area the regulator warned about before the problem happened.


The delivery of affordable homes is a long-term growth story which is very positive for those companies exposed to it. Asia is the market that has been hit most by the so called US-China trade war.

Foul language Slanderous Inciting hatred against a certain community Others. This will alert our moderators to take action.

Never miss clda great news story! 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.

How would you map the risk-reward ratio for equity as an asset class? China is more interesting in the short term than India: My Saved Articles Sign in Sign up. To see your saved stories, click on link hightlighted in bold. Are we in for tough days, better days or flat days for equity markets? There is a looming fear of trade war.

The problem from macroeconomic stand point is that cpsa 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.