Morgan Stanley, Credit Suisse slowly turn positive on Indian equities

Global brokerages – Credit Suisse and Morgan Stanley – are slowly turning positive on Indian equities despite the uncertainty regarding the state and general election outcome over the next few months.

Besides Japan, Brazil, Thailand and Indonesia, analysts at Morgan Stanley have reiterated their overweight stance on India for 2019 and prefer utilities, IT services/software and capital goods sectors in the Indian context. 

“Alongside a managed slowdown in China, our economists are particularly upbeat on India and Indonesia, which will benefit from easier external conditions and macro-financial policies positioned for sustainable growth. India looks to be seeing a nascent recovery