India not a crowded trade for foreign investors - Credit Suisse
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)
- Tweet this
- Share this
- Digg this
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- U.S. to funnel travelers from Ebola-hit region through 5 airports
- UPDATE 4-NY says Ocwen backdated foreclosure letters, company shares slide
- New Total boss must overhaul exploration strategy, pursue cost cuts
- Coca-Cola announces growth plan as profit falls 14 pct
As well as making the lives of millions of middle class Indians easier, the sharp drop in Brent crude prices since June is a boon for Prime Minister Narendra Modi in his fight to revive an economy growing at its slowest rate since the 1980s. Full Article