Moneycontrol
Feb 07, 2013 01:02 PM IST | Source: Moneycontrol.com

JPMorgan overweight on financials, IT services & healthcare

We see limited policy flexibility to stimulate growth in the near-term. We are Overweight financials, IT services & health care sectors and Underweight materials, energy and consumer discretionary, says Bharat Iyer, JPMorgan.

JPMorgan overweight on financials, IT services & healthcare

Bharat Iyer, JPMorgan said that, "FII ownership of Indian equities is at an all time high. From a technical perspective this position highlights the vulnerability of India to a global risk- off trade, which extends to the currency as well. We see limited policy flexibility to stimulate growth in the near-term. We are Overweight financials, IT services & health care sectors and Underweight materials, energy and consumer discretionary."

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