See strong mkt in early 2013 on rate cuts, reforms: BoAML
Jyotivardhan Jaipuria of Bank of America Merrill Lynch expects a strong market in early 2013 on the back of rate cuts and reform announcements.
January 24, 2013 / 09:23 IST
Here are experts equity calls for the day on how the markets are expected to trade:
Timothy Moe, Goldman Sachs: Improvement in the global environment and removal of some tail risks led to a significant P/E expansion for the Nifty in 2012. This year a recovery in growth will likely drive further EPS growth and fuel Nifty returns. We expect strong FII flows to continue through 2013.Jyotivardhan Jaipuria, Bank of America Merrill Lynch: We expect a strong market in early 2013 on the back of rate cuts and reform announcements, a tone that was reiterated by the FM to investors in Singapore yesterday. However, the biggest threat to reforms is an unstable govt in 2014 and that, in our view will be in focus for markets from late 2013.Also Read
Will IMF global growth forecast downgrade dent mkt rally?Bull's eye: Buy PNB Gilts, Unitech, Century; short RComm Stocks in news: Tata Motors, Exide, L&T, RComm, Peninsula 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!
