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"We find it hard to make a case for global equities to generate double-digit returns in 2014," a team led by Garry Evans, the global head of strategy at HSBC said in a research note on Monday.
Nilesh Jasani of Jefferies said he retained his view of a 10 percent correction for the Nifty to the 5300-5500 range before elections.
Garry Evans of HSBC said they remained moderately constructive on equities and targeted 15 percent total return for the year 2013.
Growth now looks expensive relative to value, but high-yield stocks remain relatively attractive, says Garry Evans of HSBC.
According to Garry Evans of HSBC, the outlook for equities in 2013 remains choppy.
Garry Evans of HSBC feels the Indian equities look good in value and corporate earnings have started to bottom out
Bhuvnesh Singh of Barclays said they expected the Nifty to range between 5,050 and 6,100 for the next 12 months. We suggest investors stay low beta but look to add names that could benefit from policy initiatives.
Recent market reforms announced by the Chinese authorities are proving to be a game changer for the country`s stock market, with the Shanghai Composite index breaking above its 200-day moving average on Wednesday.
Garry Evans of HSBC sees global equities grinding higher, with 7% upside to the year-end MSCI All Country Index.
Last week's weak GDP data has made it even more likely that the RBI will start cutting rates next quarter whatever the inflation data is, says Chris Wood of CLSA.
India has moved from being the most overvalued markets to one of the cheapest in the Asian region after last year's underperformance, says Sakthi Siva of Credit Suisse.
Markets are likely to stay nervous in January and in the run-up to the Budget in February. Unless the European situation worsens, Indian markets are likely to bottom by February, says Abhay Laijawala of Deutsche Equities.
India looks attractive in terms of valuations, analyst expectations and fund flows, says Garry Evans, HSBC
Given the damage to sentiment in the past few weeks, it is hard to see markets rebounding healthily straight away, says Garry Evans of HSBC.
We see a modest 5% upside to our FY12e Sensex fair valuation of 20,500 but see larger downside if crude prices persist at current levels and the govt fails to change its somewhat somnolent approach to economic matters.
Budget '11 was "somewhat populist" and delivered nothing by way of structural reforms, complains HSBC's global head of equity strategy Garry Evans.
Garry Evans, Global Head of Strategy of HSBC feels it is too early to say whether or not Indian markets have bottomed. HSBC remains underweight on India at the moment, he informs.
