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Jul 23, 2012, 08.40 AM IST
Neelkanth Mishra of Credit Suisse said they did not expect further rupee appreciation and continued to like export-based companies
Here are experts equity calls for the day on how the markets are expected to trade:
Neelkanth Mishra, Credit Suisse: While macro concerns remain, we don't believe a crisis is imminent. We do not expect further rupee appreciation and continue to like export-based companies. Optimism on the broader markets should be tempered by the underlying slowing domestic growth. We continue to recommend stocks and sectors that still show high growth like Bajaj Auto, Hero Moto, Sun Pharma, Cadila and others focused on the new urban consumer.
Markus Rosgen, Citigroup: For the first time in the past 6 weeks, GEM funds recorded an outflow, most of which came from non-ETF funds. International funds, however, enjoyed a more than USD 1000 million of inflow, which mostly went to the ETFs. Asia ex-Japan also suffered outflows, bearing the brunt of macro uncertainty and earnings season volatility.
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals