Big news for the Indian stock market, the tables have turned, new report from global brokerage firm CLSA released

Global brokerage firm CLSA has reversed its initial strategic shift of exiting Indian stock markets and investing in China. The brokerage house has decided to increase investment in India while reducing investment in China. CLSA said in a report that after Donald Trump’s victory in the US elections, Chinese markets may face challenges, due to which it has taken this step. The brokerage said that trade war may increase in Trump’s second term, while at present exports have the highest share in China’s growth.

Investors will return to India.

In early October, CLSA reduced its investment in India and increased its investment in China. The brokerage said that now it is reversing this process, that is, it is going to increase investment in India again. Let us tell you that for some time now, foreign investors have been withdrawing money from Indian markets and investing in the Chinese market. After Trump’s victory, this is now expected to change.

Advice is given to buying shares of Reliance.

Leading brokerage firm CLSA has recommended buying shares of Reliance Industries. The brokerage firm said that Reliance Industries shares are at an “attractive entry point” at the current level. The brokerage has given a new target while maintaining its ‘outperform’ rating for Mukesh Ambani’s company Reliance Industries. CLSA has given a target of Rs 1650 for Reliance Industries shares with an upside of 30 percent from the current level. Let us tell you that the current price of Reliance Industries shares is Rs 1267.70.