India''s economy is mainly domestic consumption-led and consequently it has been less affected by the deceleration in global growth. As an economy that has continued to grow despite the unprecedented turmoil in the global economy, "I think India is well placed to benefit from an improving global environment," Anthony Bolton, President, Investments at Fidelity International, said on Thursday.
Commenting on next market bull run, Bolton said, "the market is bottoming out. It is underlined by attractive valuations, market sentiment and by looking at current market conditions in relation to the historical bear and bull market cycles. I would be overweight consumer cyclicals, technology, financials and value stocks."
He added, valuations of shares are particularly attractive and investor sentiment is so poor at the moment that I believe the long bear market is over.
Commenting on next market bull run, Bolton said, "the market is bottoming out. It is underlined by attractive valuations, market sentiment and by looking at current market conditions in relation to the historical bear and bull market cycles. I would be overweight consumer cyclicals, technology, financials and value stocks."
He added, valuations of shares are particularly attractive and investor sentiment is so poor at the moment that I believe the long bear market is over.
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