Morgan Stanley Upgrades India's Status To 'Overweight', Downgrades China
NDTV
"India is arguably at the start of a long wave boom at the same time as China may be ending one," Morgan Stanley analysts said in the report.
Brokerage firm Morgan Stanley has changed India's status to 'overweight' as it believes that the nation's reform and macro-stability agenda supports a strong capex and profit outlook.
"India is arguably at the start of a long wave boom at the same time as China may be ending one," Morgan Stanley analysts said in the report.
The firm cut its rating on Chinese stocks to equal weight, saying investors should capitalise on a rally spurred by government stimulus pledges to take profits.
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