Investors should underweight India: BNP Paribas

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Here is expert equity call for the day on how the markets are expected to trade:

Clive McDonnell, BNP Paribas: Widening volatility spreads between China-India and US-India indicate that investors are too sanguine about India's prospects. Some of the earnings related risks have materialised in August. For Indian companies there were more analyst downgrades than upgrades. Earnings risk is why we believe investors should overweight China and underweight India.