Neutral on India, see 10% returns by year end: Citigroup
We have upgraded global emerging markets to overweight given the considerable de-rating. However, we are neutral on India and forecast a 10% market return by the end of the year, says Hasan S Tevfik, Citigroup.
April 15, 2013 / 08:11 IST
Here are some of expert views on how the equity market is expected to behave in the near term:
Hasan S Tevfik, Citigroup said that, "We have upgraded global emerging markets to overweight given the considerable de-rating. However, we are neutral on India and forecast a 10% market return by the end of the year."
Laurence Balanco, CLSA said that, "The MSCI India's relative trend has fallen back to critical support provided by the lows made in December 2011 and May 2012. A break below this level would be a negative technical event extending the fall. Our model remains firmly on a sell signal with downside momentum accelerating and the downtrend intact." Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
