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Feb 07, 2013, 01.02 PM IST
We see limited policy flexibility to stimulate growth in the near-term. We are Overweight financials, IT services & health care sectors and Underweight materials, energy and consumer discretionary, says Bharat Iyer, JPMorgan.
Bharat Iyer, JPMorgan said that, "FII ownership of Indian equities is at an all time high. From a technical perspective this position highlights the vulnerability of India to a global risk- off trade, which extends to the currency as well. We see limited policy flexibility to stimulate growth in the near-term. We are Overweight financials, IT services & health care sectors and Underweight materials, energy and consumer discretionary."
Tags: Bharat Iyer, JPMorgan, financials, IT services , health care , materials, energy , consumer discretionary
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