In a recent note, global brokerage CLSA raised its 'overweight' on Indian stocks and cut its allocation on China in its Asia Pacific portfolio, reversing its switch from Mumbai to Shanghai in October in the wake of the run up in Chinese equities.

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

Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China.