Not the right time to go 'overweight' on India: HSBC

Tags: Companies
HSBC sticks to its "neutral" weighting on India.

Bank says valuations still look high and foreign mutual funds are still "very overweight" on Indian shares.

HSBC estimates MSCI India trades at 16.5 times 12-month forward earnings vs a long-term average of 15 times.

Calls Indian shares the second most expensive in Asia ex-Japan after the Philippines.

"Is it time to overweight India? We don't think the time is right yet for us to change our neutral weighting," HSBC says.


  • Peeved Akhilesh indicates family truce is a distant dream

    In the closed environs of a family-driven political party, it is unusual to witness open revolt from a young family member when the patriarch is still


Stay informed on our latest news!


Urs Schoettli

Just how useful are summits?

In the age of globalisation international summits play an increasingly ...

Zehra Naqvi

Of absolute truth & relative perception

Is there such a thing as absolute truth? Look around ...

Shona Adhikari

When art meets the artful

This week’s art news focuses on vastly different themes and ...