Published on Mon, Jan 16, 2012 at 08:11 | Source : CNBC-TV18
Updated at Mon, Jan 16, 2012 at 08:41
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RBI may not oblige with rate cut: Enam
Nandan Chakraborty, Enam believes that till state elections are over, no major reform initiatives are likely and the RBI may not oblige with a rate cut unless core inflation falls decisively.
Here are experts equity calls for the day on how the markets are expected to trade:
Nandan Chakraborty, Enam: The quarterly results season started off on a slightly discordant note with Infosys giving flattish revenue growth guidance. We continue to believe that till state elections are over, no major reform initiatives are likely and the RBI may not oblige with a rate cut unless core inflation falls decisively. Thus near-term preservation of capital remains paramount.
Chris Wood, CLSA: The relatively subdued reaction of the risk markets to the French credit downgrade on Friday provides us with an opportunity to remove the recommended short European financial trade as a hedge for long Asian equity investors. The main reason to do this is the potential for a benign interlude provided by the ECB's increasingly aggressive liquidity support for the European banking system.
