Your outlook for the market for this year? The past year was challenging, with the Nifty marginally down and held up only by a handful of stocks. The BSE mid-cap and small-cap indices are down 20-30 per cent over the past year. Macro factors such as trade wars, oil prices and currency have fluctuated significantly, making it more of a trading market than one for investing.
To us, 2019 appears a story of two halves for Indian equities; a more difficult first half might precede a stronger second half. India is rated ‘neutral’ in our Asia ex-Japan model portfolio. We ...
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