Chris Wood has increased weightage of Indian equities in his Asia Pacific ex-Japan relative-return portfolio

Published On: Wednesday, January 6, 2021 | By: Team KnowMyStock

Christopher Wood, Global Head of Equity Strategy at Jefferies, has nudged to increase exposure to Indian equities in his ‘GREED and Fear’ portfolio yet again due to a downward-sloping Covid-19 graph and an upward-sloping Nifty50 chart in India. Wood has increased the weightage of Indian equities by 150 basis points to 14 percent in his Asia Pacific ex-Japan relative-return portfolio, by trimming exposure to Chinese and Pakistani equity markets Last month, Wood had raised concerns over the sharply expanding valuations of the Indian equity market, but he sounded confident that valuations will become relatively cheaper as corporate earnings growth catch up in 2021.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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