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    HomeNewsBusinessMarketsCLSA upgraded financials to neutral weight

    CLSA upgraded financials to neutral weight

    The market correction is well underway with the Sensex down 13% YTD. The near-term outlook is weighed down by five factors, but most of these headwinds are tactical in nature, says N Krishnan of CLSA.

    February 10, 2011 / 08:54 IST

    Here is expert equity call for the day on how the markets are expected to trade:

    N Krishnan, CLSA: The market correction is well underway with the Sensex down 13% YTD. The near-term outlook is weighed down by five factors, but most of these headwinds are tactical in nature, in our view. Growth in the economy & earnings in FY12, while moderating, will remain healthy. The correction has created entry opportunities in some financials, industrials. We have upgraded financials to a neutral weight in our model portfolio.

    first published: Feb 10, 2011 07:52 am

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