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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The brokerage, known for going against the tide, is now unabashedly gung-ho about the prospects of the Indian stock markets.
On 10 October, Hong Kong-based CLSA, which calls itself Asia’s leading brokerage and investment group, put out a global equity strategy report titled “Incredible India: Raising exposure”. The report’s authors—the firm’s Singapore-based managing director and chief equity strategist Alexander Redman and Hong Kong-based analyst Della Chan—admitted that they had “persisted for too long with our negative view” on India. They said they were changing their recommendation—in broking parlance—from “underweight” to “overweight”.
The change in stance is quite remarkable. CLSA, founded by two former journalists and popular for its “against the tide” views on the market, had in November 2022 …
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
As a consistent performer—proved once again by its stellar Q3 FY26 results—the QSR giant runs smack dab into a market fixated on its ‘tough base’.
Picking Zomato and Jio Financial Services for inclusion in the benchmark index is part of a larger trend where NSE opts for expensive stocks. Meanwhile, cheaper Chinese equities beckon investors.
