Wednesday, May 15, 2013

MSCI Story

MSCI Story
 Dear Friends
MSCI(Morgan Stanley Composite Index )is about to be redefined.
Korea and Taiwan are going to re titled form EM To DM.
EM(emerging Markets) to DM(Developed Markets).
India’s weight age is expected to increase in EM basket. Which in turn shall  increase allocation to India in Em funds.
We at wiTdom expect fresh ETF(Exchange traded fund) money buying into Indian equities.
Gush of liquidity is favoring bulls right now. We expects 400 Billion Dollars of fresh fund to be moving around the world chasing various asset classes .So its cheap money which is creating fresh up move within Indian markets.
New bull case scenario for the bulls is that if Nifty crosses 6138 then it’s expected to cross 6300 in near term.

Thanking you
Atul Sikrai
Vice President
wiTdom investment advisory

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