Going forward, Bhuvnesh Singh of Barclays is optimistic on earnings recovery in H2FY16.
Bhuvnesh Singh, Barclays feels while India is not immune to a potential slowdown in China, it is least exposed among most of the emerging markets.
According to him, indeed, India's issues are largely domestic and cyclical in nature as both monetary and fiscal policies have been restrictive in recent years. Going forward, he is optimistic on earnings recovery in H2FY16.
"Our best stock ideas for the current environment are Axis Bank, Container Corporation, Dr Reddy's Laboratories, HDFC Bank, Maruti Suzuki, State Bank of India, Tata Motors, Titan and UltraTech Cement," Singh says.
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