Global cues to hold key in short-term: Enam

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 09/02/12 Are Mutual Funds betting on Nifty?

Nandan Chakraborty, Enam said that, "Global cues hold the key in the short-term. Though India's relative fundamentals continue to stand out, some profit booking by FIIs in the short-term is not ruled out. We are advising clients to stay with the consumption and infra theme. No change in capital gains tax in DTC will be a sentimental positive."