Economy 5 reasons why Nomura downgraded Indian equities to ‘neutral’ Updated : January 14, 2020 04:39 PM IST Nomura downgraded the domestic equities to “neutral” from “overweight”, saying scope for outperformance was limited. If US-China trade tensions were to re-emerge and India’s domestic growth recovered, India as a market could do well and outperform, it said. A domestic-oriented market like India may have a hard time outperforming the more cyclical North Asia markets, it added. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.