 "Chris Wood")
Foreign investors will be anxious to up India weight on a meaningful correction, said Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear. He also warned that the odds favour more correction in the near-term in Indian equities, most particularly given the market action on Wall Street.
Growth stocks, he believes, still remain vulnerable to the US Federal Reserve tightening dynamic despite the losses already suffered. That said, the global investor believes Indian stock market remains the best structural growth story in Asia and emerging market (EM) equities for the next 10 to 15 years.
