MARKET EYE-Morgan Stanley adds more energy to India model portfolio

Fri Feb 1, 2013 1:51pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

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During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Morgan Stanley raises weightage of energy stocks in its India
model portfolio to 3 percent, while cutting 1 percent each from
consumer staples and discretionary stocks.
*"Energy appears to be on a path of structural change whereas
consumer staples face cyclical headwinds from fiscal
consolidation," says Morgan Stanley in a report. 
* The bank also adds Bank of Baroda, Crompton Greaves
 and Oil and Natural Gas Corp to its focus
list, while removing ACC Ltd, Jubiliant Foodworks
 and Cox & Kings, reflecting changes in its
analyst opinion. 
* In its mid-cap list, Morgan Stanley replaces Marico Ltd
 with Dabur India.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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