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HSBC downgrades Indian shares to ‘underweight’

The bank says that after the recent bounce,India looks relatively expensive and is most exposed to growth adjustments

Written by Press Trust Of India | Published: September 17, 2013 1:13:01 am

HSBC has downgraded Indian shares to “underweight” from “neutral”,citing the recent rally and downside risks to growth. The bank says that after the recent bounce,India looks relatively expensive and is most exposed to growth adjustments.

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