• SENSEX
    NIFTY 50
big story

Election results: NDA poised for a stunning victory; leads in 341 seats

272/543
L :343
W :3
L :91
W :0
NDA :3 | Need 268 More Seats to win
Need 271 More Seats to win | UPA : 0
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 346
2014 : 354 Seats
BJP
292
+
SS
19
+
Other
35
UPA : 91
2014 : 66 Seats
INC
51
+
DMK
23
+
Other
17
OTH : 105
2014 : 107 Seats
YSRCP
23
+
TMC
23
+
Other
59
VIDEOS
Market

India is not stacking up too well in emerging market basket at the moment, says Ashburton

Updated : June 14, 2018 06:57 AM IST

India doesn't stack up too well at the moment when you look at some other places in emerging market context, said  Jonathan Schiessl, Ashburton.

"India is struggling but there is massive dislocation even within the Indian market, the narrow indices are clearly outperforming the broader smaller cap indices. So, from a global perspective if most people are looking at Nifty or Sensex or MSCI India index, India is actually not too far off the highs.  So, globally, it is a technical factor for China looking slightly more attractive to us but globally China at the moment is more of a consensus overweight versus India," he said.

Speaking on Information Technology sector he said, " I think Indian IT could be in a fairly good position for the next few years after an initial period of scepticism. We have a decent position in the funds to Infosys and one other IT name as well. Obviously, in just 12 months you have seen a massive outperformance of IT and this has got to do with the currency, improving global economy but also the underlying fundamentals have improved for these companies."

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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