Market could continue to grind higher: Morgan Stanley
Published on Wed, Jan 25, 2012 at 07:46 | Source : CNBC-TV18
Updated at Wed, Jan 25, 2012 at 08:48
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Market could continue to grind higher: Morgan Stanley
Markets could continue to grind higher in the near-term if investors add risk, growth data holds up and Europe's sovereign risk stays contained, says Gerard Minack of Morgan Stanley.
Here are experts equity calls for the day on how the markets are expected to trade:
Gerard Minack, Morgan Stanley: Markets could continue to grind higher in the near-term if investors add risk, growth data holds up and Europe's sovereign risk stays contained. However, despite these positive developments, our strategic view remains that 2012 will be another difficult year for investing."
Suresh Mahadevan, UBS: We believe it is time to add beta and turn less defensive on Indian stocks. Our analysis of the last couple of easing cycles indicates that autos, banks and capital goods stocks tend to outperform. We have turned overweight on infra and real estate and Underweight on consumer, pharma and IT services. Our top buys are Bharti, Federal Bank, ICICI Bank, L&T and M&M.
