🇮🇳 India
1d ago
HSBC upgrades Indian equities to 'overweight', cuts China to ‘neutral’
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Mumbai: Foreign brokerage HSBC on Monday upgraded Indian equities to “overweight” after the recent market corrections.The brokerage also downgraded Chinese stocks to "neutral", as per a report."Following a multi-year valuation re-set and significant underperformance to EM (emerging markets), we now raise Indian equities to overweight," the brokerage said.It expects strong credit growth, resilient earnings, and measures supporting growth and the currency going forward.Even as oil prices, which ar
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