Nomura Turns Positive on India Stocks as Headwinds Subside

Published on June 27, 2011.

India’s economic headwinds are starting to “subside,” prompting Nomura Holdings Inc. to turn positive on the market on a one-year view.

The brokerage is changing its “bearish” stance on the market amid the “significant” underperformance of Indian stocks this year and as inflation momentum shows signs of slowing, analysts led by Prabhat Awasthi wrote in a report today. They predict growth will slow and demand will fall due to monetary tightening and delays in policy-making, which would help cool the increase in prices.


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