Two leading foreign brokerages have projected a bright outlook for Indian equity markets amid heightened prospects of significant gains in the run-up to the general elections early next year. Credit Suisse has said India, MSCI China and South Korea are its biggest ‘overweights’ while CLSA Asia-Pacific Markets has said it is adding 1 per cent to India’s rating in its Asia Pacific excluding-Japan Relative Return portfolio. The upgrades come on the heels of Goldman Sachs upgrading Indian markets earlier this month on hopes of a Narendra Modi-led BJP forming the next government. The Goldman report had drawn criticism from Union minister Anand Sharma.

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