Indian equities to see negative returns in 2011: IIFL

A sharp rise in input costs and real wages, coupled with rising interest rates, pose risk to earnings of domestic cyclicals. The bias is on the downside for banks, says H Nemkumar of IIFL.

January 12, 2011 / 08:53 IST

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

H Nemkumar, IIFL: In all likelihood 2011 will be a year of negative returns for Indian equities. Multiple domestic headwinds are gradually gathering pace. A sharp rise in input costs and real wages, coupled with rising interest rates, pose risk to earnings of domestic cyclicals. The bias is on the downside for banks.

first published: Jan 12, 2011 08:51 am

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