Hong Kong based brokerage firm, CLSA (Credit Lyonnais Securities Asia) has raised its 'overweight' on Indian stocks by 20 per cent and cut its allocation on China in its Asia Pacific portfolio.

Read why has CLSA reversed its allocation strategy, raising investment in Indian equities while cutting China exposure.

CLSA had reduced its Indian overweight to 10 per cent from 20 per cent and raising our China allocation to a 5 per cent overweight from the benchmark.