Market outlook 2018: Morgan Stanley more bullish on China than India

The research house has cut India's size in the portfolio by 100 basis points to accommodate Brazil's overweight stance where it expects a healthy economic growth

Morgan Stanley has reduced the size of its overweight rating on India for 2018 to accommodate Brazil's upgrade to the overweight category where they expect a significant economic growth. China is its biggest overweight in the global context.

"We reduce our overweight on India from +250 basis points (bps) to +150 bps previously. Key bull points for India in terms of the country model are increasing dividend yield trend relative to its country peers, combined with constructive views from our economist and country strategist. Weaker scores for