Chris Wood of Jefferies warns that India's strong stock market performance could lead to a correction due to foreign investor caution.
Chris Wood of Jefferies warns that India's strong stock market performance could lead to a correction if foreign investors become more cautious, as they may no longer be "overweight" on Indian equities due to sustained outperformance and strong domestic inflows. This is exacerbated by expensively valued midcaps outperforming blue chips, leading to underperforming portfolios of many foreign investors.
May 24, 2024
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