Mkt set to face gale of headwinds: Deutsche Sec

While we remain convinced about the long-term India investment story, the market is set to face a gale of headwinds in the short-term, says Abhay Laijawala of Deutsche Securities.

January 25, 2011 / 08:34 IST

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

Abhay Laijawala, Deutsche Securities: While we remain convinced about the long-term India investment story, the market is set to face a gale of headwinds in the short-term. We are setting our year end Sensex target at 21,000, implying a 10% return from current levels. At our target, the Sensex will trade at a forward PE multiple of 16.4x, which is a premium of about 7% to the average multiple at which the market has traded over past five years.

first published: Jan 25, 2011 08:32 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347