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Jun 21, 2012, 12.22 PM IST
SENSEX-NIFTY-JPMORGAN:JPMorgan upgrades Indian equities to 'overweight'
MUMBAI (Reuters) - J.P.Morgan has upgraded Indian equities to "overweight" from "neutral", citing a number of factors including historic valuations, expectations for monetary stimulus, lower oil prices, and a weak rupee.
The investment bank, in a report dated June 21, said it was "overweight" on private banks, IT services, and health care, but was "underweight" on consumer discretionary, energy and materials.
(Reporting By Rafael Nam)
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy