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Market expert Shankar Sharma has issued a cautionary note to Indian investors via a social media post, criticizing a recent report from global brokerage firm CLSA that recently shifted its investment focus from China to India.In a post on X, formerly known as Twitter, Sharma referred to the CLSA report as a "trojan horse" and a "typical trap" for retail investors and domestic institutional investors (DIIs), warning against excessive optimism in the current market environment.<blockquote class="twitter-tweet"><p lang="in" dir="ltr">Whole country has been doing dandiya+ bhangra, media has been doing &quot; Barking News&quot;: &quot; F2 broker says Buy India&quot;!! <br/><br/>Par ee sasura to Cheeni- owned Trojan Horse nikla!!<br/> <br/>Ab yehi din dekhna baaki reh gaya tha ��, ki desh ki janata ne Chinese F minus 20 broker ko F2 bana diya <a href="https://t.co/bgYJfuymFj">pic.twitter.com/bgYJfuymFj</a></p>&mdash; Shankar Sharma (@1shankarsharma) <a href="https://twitter.com/1shankarsharma/status/1858783151398527099?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Sharma also pointed out CLSA’s connection to its Chinese parent company, CITIC Securities, subtly framing his criticism within the broader narrative of strategic influences linked to China. While not making any direct accusations, his remark added an extra layer of skepticism to his warning.The CLSA report has drawn attention for its strategic pivot, cutting exposure to China in favor of India. The brokerage cited potential headwinds for China, including geopolitical risks and economic slowdowns, while highlighting India’s relative stability and growth prospects.Also read | CLSA cuts weight on China in favour of India amid speculation of trade war on Trump re-electionThis shift reflects a broader trend of growing interest in India as a preferred emerging market destination. Speculation about renewed US-China trade tensions under a re-elected Trump administration further strengthens this narrative. By increasing India's weight in its investment portfolio, CLSA appears to be betting on the country’s long-term growth potential.However, Sharma's critique highlights concerns that such bullish reports from large global brokerages can sometimes lead to inflated expectations, leaving smaller investors exposed to potential risks when market conditions shift.Retail investors in India have become increasingly active participants in recent years, contributing to the liquidity and resilience of Indian markets. However, the growing influence of domestic players also makes them more vulnerable to global investment trends that may not always align with their best interests.Sharma’s comments add to the ongoing discourse about the influence of foreign institutional investors (FIIs) and their role in shaping Indian market sentiment. While CLSA's pivot to India may reflect a long-term bullish view, investors are being reminded to approach such shifts with caution.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Voting for all the 288 Maharashtra assembly seats and the remaining 38 Jharkhand constituencies began on Wednesday. Results for both the states will be out on November 23. While 4,136 candidates, including 363 women, are contesting in Maharashtra; 528 contestants, including 55 females, are in the fray in Jharkhand’s second phase. In Maharashtra, it's a high-stakes battle for the two major alliances, Eknath Shinde-led Mahayuti which is currently in power, and Maha Vikas Agadi (MVA).Read More : Maharashtra Election Live UpdatesAs of 5 pm, Maharashtra voter turnout crossed the halfway mark, reaching 58.22% while Jharkhand was at 67.59%. Maharashtra Voting percentage till 5 pm:DistrictVoter Turnout (in %)Ahmednagar61.95%Akola 56.16%Amravati 58.48%Aurangabad60.83%Beed60.62%Bhandara65.88%Buldhana62.84%Chandrapur64.48%Dhule59.75%Gadchiroli66.63%Gondiya65.09%Hingoli61.18%Jalgaon54.69%Jalna64.17%Kohlapur67.97%Latur61.43%Mumbai city49.07%Mumbai suburban51.76%Nagpur56.06%Nanded55.88%Nandurbar63.72%Nashik59.85%Osmanabad58.59%Palghar59.31%Parbhani62.73%Pune54.09%Raighad61.01%Ratnagiri60.35%Sangli63.28%Satara64.16%Sindhudurg62.06%Solapur57.09%Thane49.76%Wardha63.50%Washim57.42%Yavatmal61.22%Voter turnout till 3 pm in Jharkhand:DistrictVoter turnoutBokaro60.97%Deoghar72.46%Dhanbad63.39%Dumka71.74%Giridih65.89%Godda67.24%Hazaribagh64.41%Jamtara76.16%Pakur75.88%Ramghar71.98%Ranchi72.01%Sahebganj65.63%Jharkhand assembly polls:Jharkhand will go for its second phase of assembly elections tomorrow with several interesting contests on the anvil across 38 constituencies in 12 districts.The first phase of the Jharkhand polls was held in 43 of 81 assembly seats on November 13. The results for all 81 constituencies will be declared on November 23, alongside those for Maharashtra Assembly elections and bypolls across several states.A total of 528 candidates are in the fray for the 38 seats in this phase, including 55 women and one third-gender candidate and 472 male candidates.Polling will begin at 7 in the morning and will conclude at 5 pm, barring some sensitive polling stations, where voting will conclude at 4 pm. Over 1.23 crore voters, including 61.0 lakh women, are eligible to cast their votes.Prominent candidates in the fray include Chief Minister Hemant Soren, his wife Kalpana Soren, and his sister-in-law Sita Soren from the JMM. Key BJP leaders in the second phase include former Chief Minister Babulal Marandi, Assembly Speaker Ravindra Nath Mahto (JMM), AJSU Party chief Sudesh Mahto, and Leader of Opposition Amar Kumar Bauri.Maharashtra Assembly Elections 2024:Polling began Wednesday morning in the Maharashtra assembly elections, where the ruling BJP-led Mahayuti alliance is vying to retain power and the Maha Vikas Aghadi (MVA) combine is hoping for a strong comeback. Voting began in all the 288 assembly seats at 7 am and will end at 6 pm, an election official said. The votes will be counted on November 23.Over 9.7 crore voters will be choosing from among the 4,136 candidates in the fray, the official said. In the Mahayuti alliance, the BJP is contesting 149 seats, Shiv Sena is in the fray in 81 seats, and the Ajit Pawar-led NCP has fielded candidates in 59 constituencies.In the opposition's MVA combine, the Congress has fielded 101 candidates, Shiv Sena (UBT) 95, and NCP (SP) has put up 86 candidates. Smaller parties, including the Bahujan Samaj Party and the All India Majlis-e-Ittehad-ul-Muslimeen (AIMIM), are also contesting, with BSP fielding 237 candidates and AIMIM 17 in the 288-member Lower House.

Voting for all the 288 Maharashtra assembly seats and the remaining 38 Jharkhand constituencies will be held on Wednesday. Results for both the states will be out on November 23. While 4,136 candidates, including 363 women, are contesting in Maharashtra; 528 contestants, including 55 females, are in the fray in Jharkhand’s second phase. Here’s a look: 115462556 115462564 115462581 115462589 115462596 115462613 115462625 115462763 115462770 115462777 115462796 115462808 115462821