Feb 06, 2013, 09.00 AM IST
Sakthi Siva of Credit Suisse feels India looks the most overbought by foreign investors at 1.7 percent of market cap.
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.
News driven market breaks previous high of 6212; Nifty in uptrend, may surprise on upside if actual election results are supportive
The impact of the exit poll in the stock market is favourable for the bulls. The result of exit polls has led to sharp up move in the market. The theme is intact that trades will make more money on the long side. The same theme is intact in the Bank Nifty. After a narrow range Bank Nifty opened with gap and closed on the top.
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