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"Near-term, we continue to expect market to be range-bound with negative bias due to slower than expected reform pace," says Jyotivardhan Jaipuria, Bank of America Merrill Lynch.
Jason Todd of CIMB believes that India has more downside than upside risks on a growth-macro-valuation basis.
Jason Todd, Asian Strategist of CIMB Securities is cautious on Siemens, BHEL, Tata Steel and JSW Steel.
According to Jason Todd, the free falling Indian currency which is adding to Indian equities pain, is showing some signs of stabilisation.
India has 15-20% upside from here, on continued favourable global liquidity conditions, says Jason Todd, Religare.
A favourable outcome for the Congress in the UP elections would be a significant sentiment booster for the markets, says Jason Todd of Religare.
JPMorgan remains overweight on private sector banks, capital goods & telecom and Underweight on consumption plays.
Tactically we have been negative on India but we think the market has already absorbed the largest risks in 2011. The next few months will remain volatile as global sentiment could be shifty, says Jason Todd, Religare.
We think the best outcome for equities is an orderly decline in the dollar, rise in commodities and a modest self-sustaining global recovery that supports flows back into EMs, says Jason Todd, Religare.
India's valuations have come to reasonable levels post the correction and we are currently buyers of Indian stocks. Many mid & small cap stocks have turned very attractive, says Mark Mobius of Templeton Asset Management.
Floating in a range, the markets are expected to see more downside going ahead, said Jason Todd global head of equity strategy at Religare Capital Markets. "India needs to get on the top of the inflation problem," he said while in conversation with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee.
