New Delhi, July 17 (UNI) The BofA (Bank of America) latest Securities Survey revealed that India now stands at the fourth position in the list of Asia’s most preferred equity markets.
The Bank of America is a global investment bank headquartered in Charlotte, North Carolina, United States.
The survey highlighted that Japan remains the most preferred destination, followed by Taiwan and Korea, while India slips to the fourth position.
This report also added that Indian investors are exploring the infrastructure sector, and IT or information technology official indicators are lagging.
The sectoral shift from IT pointed towards the major challenges posed to the technology stocks amid global economic uncertainties. Majorly Indian IT stocks have been immensely affected by the US economic slowdown.
Analysts highlighted the correlation between Indian IT stocks and US economic conditions; any weakness in the US economy will likely hit the Indian IT sector.
