Chris Wood of Jefferies, in his latest Greed and Fear report said that fundamental structural reforms have changed India’s macroeconomic factors, which makes the country the best equity story in the world.
The GREED & Fear index believes that consolidation is coming in China’s property sector, which India already went through triggered by the double whammy of the Real Estate (Regulation and Development) Act of 2016 and demonetisation in November 2016.
Christopher Wood, global head of equity strategy at Jefferies, in his latest Greed & Fear report pointed out that the public sector banks have outperformed the private sector banks by 153% since November 2020 and by 14% YTD, with the latter trading sideways despite reporting good results.