Mark Matthews at Macquarie Capital Securities said that the US economic data has been performing better than expected with the fear of double dip recession in the US rapidly receding. However, this may come as bad news for India, he said, as he feels India may not outperform when global economic data is strong.
Mathews believes inflation would continue to be in focus in 2011. Stocks/Sectors picks Mathews said he prefers energy over banks due to inflation concerns. He further said that he expects commodity prices to rise due to global growth and sees oil prices at USD 100 per barrel. He likes stocks like Gujarat NRE Coke in the broader markets. Gujarat NRE is sitting on an inventory while coke prices are on the rise, he added. Amongst the large cap stocks Mathews said he likes Reliance Industries. Below is a verbatim transcript of his interview with CNBC-TV18Discover 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!
