Chris Wood

The target implies an upside of nearly 62 per cent from the current levels. Wood believes that India remains the best structural story across world markets.

christopher wood

Will remain slightly Overweight India in the Asia Pacific ex-Japan relative-return portfolio, says Christopher Wood, global head of equity strategy at Jefferies in his GREED & Fear note to investors.

In his Asia Pacific ex-Japan asset portfolio, allocation to Indian equities at 16 per cent is the second highest after his exposure to China, which stands at 31 per cent.

Christopher Wood, global head of equity strategy at Jefferies reiterates his bullish view, remains structurally overweight on India, and would look to buy Indian stocks on every decline

The return of inflation fears have been stoked again by the rise in commodity prices, especially oil

For the market to have a real nasty unwind at the global level, Wood believes there needs to be a catalyst in the form of an economic downturn or a material tightening in US Fed policy

As regards the United States (US), Wood expects a gradual opening up in May

Chris Woods Portfolio

Wood has rejigged his exposure to Indian stocks in his Asia ex-Japan long-only portfolio with HDFC Bank and ICICI Bank paving the way for Cipla. Besides, he remains bullish Reliance Industries.

Image via Shutterstock

GREED and fear report says oil surge due to Saudi Arabi and Russia suggesting oil output freeze

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

454 members voted in favour of the Bill, while two voted against it.

Lok Sabha

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range

US Federal Reserve

A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors

Indian economy

Stock market Update on Thursday, September 21: ICICI Bank, SBI and Mahindra & Mahindra, down up to 3 per cent, were the major losers among the  Sensex 30 stocks.

bear market, stocks, sensex, nifty, loss, growth, crash, index

Senior Congress leader Shashi Tharoor on Monday said Prime Minister Narendra Modi was "selective" in his speech in Parliament and did not talk about the rights given to people during the Manmohan Singh government.
While acknowledging that the prime minister said some "very good things" in his speech and spoke well, Tharoor said there had also been failures under his prime ministerial tenure such as when demonetisation happened, there was no discussion in Parliament.
Prime Minister Modi lauded the vision of first prime minister Jawaharlal Nehru and subsequent leaders, including Lal Bahadur Shastri, P V Narasimha Rao and Atal Bihari Vajpayee, but also reminded the Lok Sabha of the 'cash-for-vote' scam during the Manmohan Singh government.
Reacting to the prime minister's speech, Tharoor said, "He (Modi) said some very good things but he also did not say some things which he should have said. Our country has had many successes and failures and he chose according to his will, that is fi

Shashi Tharoor, Congress MP Tharoor

Amid heightened tensions at their borders, Pakistan's caretaker Prime Minister Anwaar-ul-Haq Kakar has written to his Afghan counterpart Mullah Muhammad Hasan Akhund that the two countries should work together to achieve common goals, a media report said on Monday.
"Pakistan has close fraternal relations with Afghanistan as we are neighbours and brothers. Pakistan-Afghanistan relations are rooted in religion, culture and history," The News International newspaper reported on Monday.
Kakar's letter to Afghanistan's interim Prime Minister comes amid the heightened tensions between Pakistan and Afghanistan due to rising cross-border attacks on Pakistani soil, it said.
Islamabad blames the Afghan Taliban for supporting Tehreek-e-Taliban Pakistan (TTP), a dreaded militant group fighting to impose the law of Sharia across Pakistan, which frequently carries out attacks in cash-strapped Pakistan.
Kakar said that Islamabad was determined to further strengthen bilateral, political, security,

Pakistan flag

Only 2,000 of the 10,500 manufacturing units in the country have the World Health Organization's GMP certification

pharmacy, drugs, medicine, pharma companies, pharmaceuticals

Bihar board is expected to announce the Secondary Teacher Eligibility Test (STET) result 2023 today. The BSEB has already released the answer key. Check details below

Results, Exam results

The festive season is coming and it is time to celebrate Ganesh Chaturthi. With the festival of Ganpati just around the corner, let's take a look this celebrities like observing this special occasion

Celebrities on Ganesh Chaturthi

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

Canada said it was expelling a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist.
Trudeau said in Parliament that Canadian intelligence agencies have been looking into the allegations after Sikh leader Hardeep Singh Nijjar, a strong supporter of an independent Sikh homeland known as Khalistan, was gunned down on June 18 outside a Sikh cultural centre in Surrey, British Columbia.
Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week, that he told Modi that any Indian government involvement would be unacceptable and that he asked for cooperation in the investigation.
Canadian Foreign Minister Mlanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. "If proven true this would be a great violation of our sovereignty and of the most basic

Hardeep Singh Nijjar

MEA's statement comes after Canada expelled an Indian diplomat on Monday as it investigates credible allegations that India's government may have had links to the assassination in Canada

Canadian Prime Minister Justin Trudeau arrives for his daily press conference on COVID-19, in front of his residence at Rideau Cottage in Ottawa. Photo: PTI

Justin Trudeau

Multiplex Association of India (MAI) on Thursday announced that the National Cinema Day will be held on October 13 this year.
Movie enthusiasts will be charged only Rs 99 per admission at cinema halls across the country, the national multiplex trade body said in a press release.
Over 4,000 screens at multiplexes from India, including PVR INOX, Cinepolis, Miraj, and Delite, have teamed up to participate in the National Cinema Day celebrations, it stated.
"This special occasion brings audiences of all ages together for a day of cinematic bliss, celebrating the incredible success of multiple films at the box office this year.
"It's a heartfelt 'thank you' to all the moviegoers who contributed to this success and an open invitation to those who haven't yet returned to their local cinema," the association said.
According to MAI, cinegoers can watch any show of any film on October 13 for Rs 99, excluding the recliner and premium formats.
Last year, the association marked the National C

theater

Luxury taxis in West Bengal will be allowed to be painted in any colour other than white or cream for a fee of Rs 20,000 for each vehicle, a notification issued by the state transport department said.
The authorities will grant permission for motor cabs (luxury taxis), rendering limousine service, to be painted in any colour other than white or cream, for which an amount of Rs 20,000 will be charged as an application fee from the interested service provider for each vehicle, said the notification, issued by Transport Department secretary Saumitra Mohan on September 19.
Necessary amendments in the West Bengal Motor Vehicles Rules, 1989, shall be made in due course, it said.
According to the notification, the department has been receiving proposals for granting permission for all Bengal luxury taxi permits for vehicles to be painted in any colour other than white or cream.
"As per Rule 270(2) of West Bengal Motor Vehicles Rules, 1989, the state transport department may, by order, all

taxi

Protests erupted in various parts of Cauvery river basin districts of Karnataka after the  Supreme Court refused to interfere with orders of the Cauvery Water Management Authority and Cauvery Water Regulation Committee, directing the state to release 5,000 cusecs of water to neighbouring Tamil Nadu.
Farmers organisations and pro-Kannada organisations staged protests in Mysuru, Mandya, Bengaluru and other parts expressing their anger and urging the state government not to release water to Tamil Nadu.
Karnataka Rajya Raitha Sangha and Hasiru Sene (farmers organisation) staged a protest at Basaveshwara circle in Mysuru, and raised slogans: "Where is water to release? And we demand justice."
They have also planned to lay siege to the Command Area Development Authority office in Mysuru, as a mark of protest.
Pointing out that Cauvery and Kabini basin taluks have already been declared as drought hit, a farmer leader alleged, CWMA orders are in favour of Tamil Nadu as it is without taking

Protests erupt in Karnataka as SC refuses to interfere with orders to release Cauvery water to TN

Supreme Court

Event will be exclusively for company's Apache RTE motorcycles that will make debut

TVS Motor company

The International Day of Peace has started by the UN General Assembly and the day is dedicated to strengthening the ideals of peace and marking an end to conflict and violence worldwide

Heatmap

GREED & fear

Sensex at 100,000? It's possible, believes Chris Wood of Jefferies

India to outperform Asian, EM peers; high valuation a challenge: Chris Wood

Chris Wood ups India stake; hikes allocation by 2% amid resilient stock mkt

Any sell-off in Indian equities is a good time to buy: Chris Wood

Investors should be prepared for biggest inflation scare since 1980s: Wood

Chris Wood bullish on Indian equities despite runaway rally since March low

Stock market eyeing economy reopening, not virus-related data: Chris Wood

Chris Wood rejigs India exposure; says lockdown disastrous for economy

CLSA not convinced by rally in oil and gold