Global environment remains supportive for India: JPMorgan

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Here is expert equity call for the day on how the markets are expected to trade:

Bharat Iyer, JPMorgan: The global environment remains supportive for relative outperformance of Indian equities. Moderating global growth implies soft commodity prices and sustained easy monetary policies, both crucial for India. Our portfolio stance remains biased towards the investment cycle, IT services, energy & financials. We remain cautious on the consumption cycle, particularly autos, telecom & materials.