Credit Suisse Wealth maintains cautious stance on Indian markets
Live MintMumbai: Credit Suisse Wealth Management’s India arm is maintaining its cautious stance on Indian markets citing further escalation of trade tensions, already high crude oil prices and depreciating rupee, coupled with its impact on inflation. “Globally, the macro picture is still looking reasonably good but the Credit Suisse equity market global sentiment index is in a panic zone,” Jitendra Gohil, head of India equity research, and Premal Kamdar, equity research analyst at Credit Suisse Wealth Management, India, said in a note on Thursday. “On the other hand, the upcoming earnings season could be reasonably good, presenting an opportunity to bottom-pick quality stocks amid a volatile environment,” said Gohil and Kamdar. “We remain positive on the Indian fixed income market as we believe inflation should remain well anchored within the Reserve Bank of India’s comfort zone,” the note said.