India benefitting from weakness in emerging markets, says Citibank

Most investors remain worried over absolute returns, owing to rising interest rates, crude oil prices and upcoming elections, Says Citibank

Lack of better choices in emerging markets (EMs) and decent first-quarter results are aiding to foreign investors' interests in Indian equities, said Citibank. Large-cap stocks look better placed than smaller ones, said Citi analysts, led by Surendra Goyal. Most investors remain worried over absolute returns, owing to rising interest rates, crude oil prices and upcoming elections, they added.