Risk-on trade driving market rally: CLSA

The research house adds it is better to wait for third quarter (Q3) results.

Written by Agencies | Published:January 25, 2012 2:23 pm

Indian stock markets have moved up since December mainly on partial easing of global liquidity conditions and value buying,CLSA has said in a report.

The research house adds it is better to wait for third quarter (Q3) results to confirm whether earnings downgrades cycle is actually weakening,before turning more optimistic on Indian stocks.

CLSA’s interaction with investors reveals that while Asia-based investors continue to remain sceptical on the Indian market rally,Europe-based investors appear to be more constructive and are looking at adding India.

Video of the day

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results