RBS maintains year-end target of 5800 for Nifty

Published on Thu, Feb 02, 2012 at 08:00 |  Source : CNBC-TV18

Updated at Thu, Feb 02, 2012 at 08:45  

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Here are experts equity calls for the day on how the markets are expected to trade:

Parul Saini, RBS: Earnings so far have been in-line with our expectations, however, the performance divergence between private and public sector banks continue. The strength in the January manufacturing PMI suggests that earnings may have troughed. We remain buyers of Indian equities, and maintain our year-end target of 5800 for the Nifty.

Laurence Balanco, CLSA: The S&P 500 looks poised for a breakout. Should the advance off the October 2011 lows match with the structure of the July 2010 advance, which shows an eerie similarity at this stage, we could extrapolate an upside target of 1,400-1,420 by early April.

  

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