A “surprisingly bad outcome” in national elections, and any changes in capital gains tax in upcoming July budget could act as triggers for a near-term correction in Indian markets, Christopher Wood, global head of equity strategy at Jefferies said. While a shock BJP defeat in 2024 elections is “extremely unlikely”, markets could correct even more … Read more
Jefferies’ Global Head of Equity Strategy Christopher Wood increased weights on Zomato, JSW Energy, AU Small Finance Bank and Larsen & Toubro (L&T) by 100 bps in his India long-only portfolio, according to a Jefferies’ latest edition of ‘Greed & Fear’. The ace investor has also trimmed weights in Bajaj Finance, Oil & Natural Gas … Read more
Mumbai: Brokerage Jefferies’ Chris Wood said there is a growing interest among investors in emerging market mandates excluding China given the ‘structural issues’ that the country is facing. In his newsletter ‘Greed & Fear’, the firm’s global strategist said he is observing long-term conviction amongst Asia and emerging market-focused investors that China equities remain a … Read more
Nilesh Shah of Kotak AMC believes predicting where the market would be in, say, 5 or 10 years is pointless because more often than not, you would be wrong. Speaking at the Times Network India Economic Conclave, Shah said there is much more to stock markets than just predicting the levels. “Ek cheej humne seekhi … Read more
BSE Sensex is likely to hit the 100,000 mark over the next 4-5 years, riding on the robust economic growth of the country, top voices on Dalal Street, including Chris Wood, Mark Mobius, Shankar Sharma and Sandip Sabharwal opined. Jefferies’ Global Head of Equity Strategy Chris Wood last week said the 100,000 mark seemed reasonable … Read more
Jefferies’ Global Head of Equity Strategy Christopher Wood has picked food delivery app Zomato for his India long-only portfolio. The weight of the stock will be 4%. On the other hand, Wood has removed HDFC Life Insurance from the same. Zomato has also been added to the global long-only equity portfolio, which will be paid … Read more
NEW DELHI: With Nifty trading above its long-term average PE multiple, valuations in India have turned undoubtedly challenging, says Christopher Wood, global head of equity strategy at Jefferies. “If Asia looks better in aggregate on comparative valuations, there is one market where valuations are undoubtedly challenging. That is GREED & fear’s long-term favourite, India. The … Read more
MUMBAI: The sudden meltdown in the cryptocurrency market over the past week came as a punch to the gut for investors, who had taken positions based on leverage. Bitcoin, Dogecoin and Ethereum’s over 50 per cent collapse from their all-time highs sent shockwaves throughout the financial markets, with many writing off the asset class for … Read more