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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.
5 reasons why Nomura downgraded Indian equities to ‘neutral’
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