GREED & fear report, May 12 -- India may no longer be the hottest emerging market trade as global investors chase the artificial intelligence-led rally in Korea and Taiwan, but Jefferies strategist Christopher Wood believes India remains structurally attractive thanks to strong domestic participation and resilient midcap performance.

In his latest GREED & fear report titled "Metamorphosis", Wood explained how India has managed to avoid becoming irrelevant to global investors despite massive foreign outflows and benchmark weight reductions in emerging market indices. The report highlighted that domestic mutual fund inflows, SIP contributions and pension money are increasingly acting as a cushion for Indian equities even as global funds sh...