Market bias will remain upwards: CLSA
Anirudha Dutta of CLSA expects a volatile ride now. He says market bias will remain upwards till the first signs of an early election emerge.
October 15, 2012 / 09:10 IST
Here are experts equity calls for the day on how the markets are expected to trade:
Anirudha Dutta, CLSA: While we remain skeptical about the government's ability to push through critical decisions through the Parliament, the benefit of doubt for the moment is with the government. Chances of an early general election in 2013 have certainly increased. We expect a volatile ride now. Market bias will remain upwards till the first signs of an early election emerge.Nandan Chakraborty, Enam: Results season started with Infosys disappointing due to higher onsite and client support costs, without any major increase in client wins to improve its full year revenue guidance. H2 margins could worsen further due to salary hikes and consolidation of the Lodestone acquisition. With the bulk of govt announcements behind us for now, market focus will now shift to Q2 results and speculation on the extent of interest rate cuts likely from the RBI. 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!
