India is at the start of a new housing cycle: Chris Wood

The global head of equity strategy at Jefferies, Chris Wood, has said India is at the start of a new housing cycle after a seven-year downturn. "Which is why there will be a 17% weight in the property sector," Wood said while launching India long-only equity portfolio with 16 stocks including ICICI Bank, HDFC, Bajaj Finance, RIL and Tata Steel.