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Remain overweight on Indian equities, says Goldman Sachs

Timothy Moe of Goldman Sachs said they remained overweight on Indian equities on both a 3-month and 12-month basis.

March 11, 2013 / 08:50 IST

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


Timothy Moe, Goldman Sachs: We remain overweight Indian equities on both a 3-month and 12-month basis. In the near-term, a rate cut on March 19 or firmer IIP may give confidence that the growth cycle is turning. We like L&T, Crompton Greaves & ICICI Bank.

Michael Gapen, Barclays: Equity markets and the dollar rallied amid stronger than expected US payroll growth in February, but there could be downward revisions to January's figures. We do not believe that will alter the Fed's policy stance and we expect asset purchases to continue through the year-end.

first published: Mar 11, 2013 08:50 am

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