Reuters Market Eye - India is still not a "crowded trade" for foreign investors, Credit Suisse said, despite $7.3 billion of net foreign buying since March.
Credit Suisse estimates net foreign buying of Indian shares on a rolling 12-month basis as a percentage of market cap is running at 0.9 percent below its historical average of 1.2 percent and below Japan's 1.8 percent and Taiwan's 1.3 percent.
The investment bank reiterates Indian and South Korean shares as its two biggest overweights in Asia-Pacific.
(Reporting by Abhishek Vishnoi)
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column