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    HomeNewsBusinessMarketsDon't worry, Anand Rathi says market won't slip too much

    Don't worry, Anand Rathi says market won't slip too much

    Indian market is on a nervous footing losing almost everyday in this week. With some boost from Ashok Leyland and L&T fourth quarter earnings, today the market has managed to bounce back.

    May 21, 2011 / 16:41 IST
       
       
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      Indian market is on a nervous footing losing almost everyday in this week. With some boost from Ashok Leyland and L&T fourth quarter earnings, today the market has managed to bounce back.


      This is definitely injecting some confidence in the market. In an interview to CNBC-TV18, Amit Rathi, MD, Anand Rathi Financial Services said that market is unlikely to slip down from current levels. Rathi says that Indian market is fairly attractive at current levels.


      However, he is quick to add that there is a fair degree of risk aversion across all risk assets.


      Don't worry, Anand Rathi says market won't slip too much


      Continuing the positive outlook, Rathi is expecting commodity prices to go lower from current levels and this will positive for India from inflation perspective. He is seeing oil to be at USD 80-90/bbl in the next 12 months.

      As an investment strategy, Rathi is neutral on autos as the sector is unlikely to see any more upside in the coming quarters.
      first published: May 20, 2011 10:00 am

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