According to a media report by Jefferies Global equities Strategist Chris Wood, the bull market scenario in Indian equities indices is about to come to an end.
According to Chris Wood, the BJP-led national government carried out a number of structural reforms over the past ten years, the results of which are currently being felt.
“I believe the current bull market is almost over,” he declared.
Chris Wood also pointed out that the current state of affairs in India had its origins in the period from 2002 to 2009, which began with a real estate boom that was unaffected by tight monetary policies. However, the significant capital expenditures made by the government in this cycle distinguishes it from the previous one.
With the exception of seven years of a real estate market crisis, we have been in a bull cycle for the past three years. This is unaffected by the monetary policy tightening. Additionally, private investment increased the previous year. I’m hoping that this year will see the same pattern. The stock market won’t do well going forward if I’m wrong,” he stated.
Chris Wood went on to say that he is concentrating on rural consumer stocks because the budget’s initiatives will help this industry.
The portfolio currently gives investment and consumption stocks a higher weighting. The National Stock Exchange’s (NSE) benchmark Nifty increased by almost 24% in the past year. Nifty has increased by 13% since the year’s beginning, 14% during the previous six months, and 4.40 percent during the most recent one.
