CLSA turns positive on India, says TINA trade is making a comeback
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Global brokerage CLSA turned positive on India as the TINA trade makes a comeback.
- ✓Vikash Kumar Jain said, "We turned positive sometime around early April." India started outperforming other emerging markets as investors look beyond AI.
- ✓Meanwhile, Nikhil Gupta expects inflation to peak at 6.25% in December this year.
Story at a Glance
- Category
- Indian Markets
- Reported By
- CNBC TV18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Global brokerage CLSA has turned relatively positive on India, citing a return of global investor interest and the revival of the "India TINA (There Is No Alternative) trade."
"We turned positive sometime around around early April, and that was still more absolute positive. I would say that sometime over the last week or 10 days, we've turned relative positive as well," said Vikash Kumar Jain, India Strategist & Head of India Research at CLSA, speaking at the CITIC CLSA India Forum.
He said India has started outperforming other emerging markets again as investors diversify beyond the artificial intelligence (AI) trade.
"Just imagine, this quarter itself; it's been not even half of the quarter gone, we've seen India outperform EM by almost 25 percentage points in just six weeks," he said, adding that investors are once again looking at India as a diversified market opportunity.
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CNBC TV18
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