Experts believe that 2011 will be a tough year for the market with domestic concerns such as inflation and high interest rates hindering the growth of the economy. Moreover, dismal fourth quarter results posted by companies have become an additional concern for the market.
Speaking to CNBC-TV18, Nikhil Vora, managing director and co-head research at IDFC Securities, said that the market will not see any upside surprise on earnings quality; however, he expects 15-16% of earnings growth in FY12. Vora feels that growth quality is getting extremely broad-based in FY12 and long-only funds are looking to reallocate money into the Indian market. Talking about the sector-specific avenues, he said that he is bullish on consumption sector, while bearish on United Spirits and United Breweries. Below is a verbatim transcript of Nikhil VoraDiscover 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!
