HomeNewsBusinessMarketsEye 4700 for Nifty; may see further downside: HSBC Pvt Bank

Eye 4700 for Nifty; may see further downside: HSBC Pvt Bank

Arjuna Mahendran, managing director and head of investment strategy for Asia at HSBC Private Bank has a target of 4700 for the Nifty, but sees further downside is more pessimism seeps into the system.

December 02, 2011 / 16:50 IST
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Apart from the eurozone meet tomorrow, markets worldwide are looking towards the US for the key non-farm payrolls set to be announced tonight. Speaking to CNBC-TV18, Arjuna Mahendran, managing director and head of investment strategy for Asia at HSBC Private Bank says he expects the number to come in a little below 150,000.

According to him, it is important to note that the US economy is still creating jobs despite the current debt situation.
first published: Dec 2, 2011 01:05 pm

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