DoubleLine Capital

DoubleLine chief gives strong negative outlook for Indian stock market

DoubleLine chief gives strong negative outlook for Indian stock market

DoubleLine Capital LP chief executive Jeffrey Gundlach on Tuesday gave a strong negative outlook for the Indian stock market, saying outflows of funds, in particular, could hit it hard.

In an investor webcast, Gundlach said that the Indian stock market looked very scary. He however added that it was his intermediate-term outlook for the Indian stock market.

Gundlach, who is the head of the around $37 billion DoubleLine Total Return Bond Fund, also said that the US Federal Reserve is making a blunder in the way it is going to put an end to its asset-purchase program.