A fall in Indian stock mkt will be a buying opportunity: CLSA's Chris Wood

Besides India, which Wood believes is a 'buy on dips market', he finds Pakistan's equity market as an attractive investment destination

The rally in Indian equity markets thus far in calendar year 2018 (CY18) amid a weakening rupee has surprised CLSA’s Christopher Wood, their managing director and equity strategist. One reason why the Indian stock market has been so resilient, Wood says, is that India is primarily a domestic-driven economy and is less exposed to Trump-driven trade concerns. He believes a correction in the Indian equities will be a good buying opportunity.

“GREED & fear is surprised by the extent of Indian outperformance year-to-date (YTD) in Asian and emerging market context in US dollar terms. This is all the more impressive