This is a good time to lock in some gains in the stock market: Chris Wood

CLSA MD advises Indian investors to stay invested and buy on pullbacks, and buy more if they see stocks correcting by a third from their peaks

India has been one of the best-performing markets in calendar year 2017 (CY17). CLSA Managing Director & Equity Strategist Christopher Wood, and Executive Director Mahesh Nandurkar tell Puneet Wadhwa that the markets could give a return of around 10 per cent from the current level over the next year. They also share their sector preferences and how India stacks up amid recent global developments. Edited excerpts:

How long can the global equity markets, including India, go up inflated by liquidity?

Wood: If you are a fund manager and have been compensated by the performance of the markets over the past year, I would