Good time for bargain hunting in India, says Geoffrey Dennis
Geoffrey Dennis, an emerging markets commentator, spoke to CNBC-TV18 about the impact of European Central Bank’s (ECB) quantitative easing (QE) and the likely interim deal between China and the US on markets.
Geoffrey Dennis, an emerging markets commentator, spoke to CNBC-TV18 about the impact of European Central Bank’s (ECB) quantitative easing (QE) and the likely interim deal between China and the US on markets.
"The decisions are positive for emerging markets ... ECB's action to ease monetary policy is positive for global equities," Dennis said on Friday.
On India stocks, Dennis said, "India is underperforming its peers due to concerns around growth outlook. Investors are sceptic about India’s growth numbers."
According to Dennis, there will be a recession in the US economy around 2020 leading to the downside in equities.
Dennis believes that it is a good time for bargain hunting in India.
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