HSBC upgrades Indian equity market to 'overweight', cuts weightage for Greece

HSBC raised the weightage for Indian equity markets by 4 basis points to rate it as "overweight".

The global financial services provider also cut its weightage for Greece to "neutral" from "overweight".

HSBC said the downgrade for Greece was driven by extreme liquidity-induced volatility in the market and lack of visibility on outlook.

(Reuters)