Moneycontrol
Feb 06, 2013 09:00 AM IST | Source: CNBC-TV18

India looks overbought by foreign investors: Credit Suisse

Sakthi Siva of Credit Suisse feels India looks the most overbought by foreign investors at 1.7 percent of market cap.

India looks overbought by foreign investors: Credit Suisse

Here are experts equity calls for the day on how the markets are expected to trade:


Sakthi Siva, Credit Suisse: Most investors are still concerned about the risk of a tactical correction. Overall net foreign buying in the last year is still lower than our threshold level. However, India looks the most overbought by foreign investors at 1.7 percent of market cap.

Dominic Konstam, Deutsche Bank: We have raised our S&P 500 12-month target to 1600 but we don't expect to see it in the first half, in fact we foresee a summer with approximately a 3 percent dip, but opportunities to buy the S&P at 1400 or lower have likely passed. We are advising investors to participate in the likely grind higher over the next few months.

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