Page 4 - Chris Wood Jefferies

Central banks may be forced to sell gold; India at risk: Chris Wood

According to reports, official gold reserves in India totaled 653 tonnes at the end of March 2020, while those in Saudi totaled 323 tonnes.

Chris Wood rejigs India exposure; says lockdown disastrous for economy

Wood has rejigged his exposure to Indian stocks in his Asia ex-Japan long-only portfolio with HDFC Bank and ICICI Bank paving the way for Cipla. Besides, he remains bullish Reliance Industries.

Equity and credit markets can retest recent lows, warns Chris Wood

Over the past few weeks, Covid-19 hit, stimulus buoyed markets world over have risen close to a 'bull phase', typically defined as a rise of 20 per cent or more from the recent lows

Morgan Stanley, Jefferies turn cautious on EMs amid coronavirus fears

Chris Wood believes the best way of hedging long equity exposure is to remain long Eurodollar futures which are now discounting one 25 basis point (bps cut) this year

India's insurance is one of Asia's better long-term stories: Chris Wood

In September 2019, he had bought SBI Life Insurance and HDFC Life Insurance, which now account for 5 per cent and 4 per cent weight in the above-mentioned portfolio

Sector watch: Nifty Realty index nears 52-week high; DLF hits 22-month high

While announcing Q2 results on November 7, DLF said the development business has been performing well, and achieved net sales of Rs 725 crore in Q2, and expects this momentum to sustain

Indian economy a victim of Modi govt's shock therapy, says Chris Wood

Wood expects the government to continue to announce measure to prop-up the economy, but remains mindful of the widening fiscal deficit

Tax rate cut: Brokerages rejig index targets; Chris Wood ups India exposure

Besides Wood, Nomura, too, has revised its Nifty50 target for March 2020 to 12,545 on the back of a potential 7 per cent earnings increase in FY20/21

Unsure of economic revival, says Chris Wood; cuts India exposure

In his weekly note to investors, GREED & fear, Wood says Narendra Modi should not have allowed himself to be distracted by the execution of the BJP's agenda on Kashmir

Super-rich tax, auto sector proposals Modi govt's two own goals: Chris Wood

The government decided to cut goods and services tax (GST) on electric vehicles (EVs), while there is a proposal to hike registration fee for new vehicles besides a proposal to scrap old vehicles

Chris Wood rejigs Indian stock exposure; SBI Life replaces Arvind Fashions

Christopher Wood, global head of equity strategy at Jefferies cautions that the 'consumer financing boom' in India has peaked

Modi win makes India stock market story more exciting than ever: Chris Wood

Wood sees mutual fund flows to equities to resume post the outcome of the general election and expects the reforms initiated by the Modi govt in its first term to bear fruits over the next 5 years