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It was a concised week for Indian markets but net-net it did wind up pretty positive for the week. Nifty closed at 2,719 up 102 points, while Sensex shut shop at 8,756 up 413 points.
It was a concise week for Indian markets. But net-net it did wind up pretty positive for the week. The Nifty closed at 2,719 up 102 points, while the Sensex shut shop at 8,756 up 413 points.
Bhanu Baweja, Head of Research & EM Strategy, UBS said, "Several Emerging Marketing (EM) economies, which have absolutely no debt, large reserves are external net creditors.We are going to see at least the trading sector completely collapse.That will have an impact on inflation, which will turn to deflation.That will have an impact on domestic spending and unemployment levels.As a result, several EMs will see a huge flow of money from Anglo-Saxon economies reverse.That is something that we do expect in the months and quarters."
Sam Mahtani, Fund Manager, F&C Asset Management, is of the view that valuations have corrected to attractive levels in India. "We have had a steep correction in Indian markets last year and YTD(Year to date). Looking at valuations, market is trading at 9x forward earnings. That is attractive if you look at where the market has been and certainly at a bottom up level where finding a number of attractive invest opportunities at this type of valuations."
Robert Parker, VC, Credit Suisse Asset Management UK said, "I am not that concerned about the macroeconomic outlook in the Indian market. I do think we will have a very interesting situation in Q2 whereby India is cheap relative to those major EMs and you will see a rebound in India relative to others."
Bhanu Baweja, Head of Research & EM Strategy, UBS said, "
Sam Mahtani, Fund Manager, F&C Asset Management, is of the view that 
Robert Parker, VC, Credit Suisse Asset Management UK said, "
