IndiaÆs stock market poised for rebound, says Halbis
Sanjiv Duggal, who manages the $6 billion HSBC Indian equity fund, is reducing his cash position and shifting his bias from defensive to growth plays.
HSBC Global Asset Management believes the sell-off in IndiaÆs stock market has been overdone and sentiment is too pessimistic considering the solid fundamentals of many of the listed companies there. It is for that reason û plus expectations of relatively strong economic growth û that the fund house believes the market is poised for a rebound and will deliver solid returns over the medium-term.Sanjiv Duggal, the Singapore-based fund manager of the $6 billion HSBC Global Investment Fun…
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