Earnings and economic growth in India are expected to revive in the second half with the worst behind us and domestic focused sectors are likely to do well, says Manpreet Gill, Chief Investment Officer - Africa, Middle East & Europe (AMEE), Standard Chartered.
There is a huge uncertainty over what the Bank of Japan and the US Federal Reserve can do in upcoming policy meetings, says Manpreet Gill, Senior Investment Strategist at Standard Chartered.
Manpreet Gill, Standard Chartered does not rule out short-term volatility but would add India for the longer-term.
Although the rupee is at risk if the dollar continues to strengthen, the weakness would be limited and it would outperform other EM currencies going forward, says Manpreet Gill of Standard Chartered.
Manpreet Gill expects the US Federal Reserve Bank to raise rates by mid-2015.
While retail investors are leaving emerging markets, large institutional investors - such as pension funds, insurance companies and sovereign wealth funds - are still investing, albeit at a smaller clip than a year or two ago: BofA
As far as India goes, Manpreet Gill, Senior Investment Strategist, Standard Chartered believes the country faces political risks running into elections. However, he adds, improvement in the current account deficit situation is a reason to be relatively positive on India. He has a neutral view on India.
Manpreet Gill of Standard Chartered says the bond markets are indicating that bond purchases will be made. The yield on Spain‘s 10-year benchmark bond fell one basis point to 5.8 percent yesterday in Madrid, compared with an intraday record of 7.75 percent on July 25, a day after Spain signed a document fixing the conditions for the bank aid.
Manpreet Gill of Standard Chartered said the global rally is likely to sustain if the investor is looking at a long time horizon. He believes the ECB move has mitigated the risk of contagion in peripheral European markets.
Manpreet Gill of Standard Chartered expects funds to continue flowing in emerging markets, but he is optimistic about funds flowing into the fixed income space than equities in the near-term.
In an interview to CNBC-TV18, Manpreet Gill of Standard Chartered Bank says global markets are in a lull as they await Federal Reserve chairman Ben Bernanke's congressional testimony.
With the European Union Summit scheduled to begin from tomorrow, global markets are looking at cues to improve market sentiment. Although, the expectations from the summit is quite low, in the absence of strong measures from the summit markets are likely to be concerned, opined Manpreet Gill of Standard Chartered Bank.
Manpreet Gill, from Standard Chartered believes that the lack of new reform measures and strong decisive measures in India to rein in the deficit is a concern for foreign investors.
It's been a huge rally for the Indian market coupled with very strong inflows as well. Manpreet Gill, senior investment strategist of Standard Chartered is neutral on Indian equities.
The improved prospects for Euro-zone after Greek politicians approved the austerity package sent investors heaving a big sigh of relive. "Apart form the austerity vote, a turnaround in US macro economic data also spilled over optimism in investor sentiments," says Manpreet Gill
The Indian market has been a tad tizzy over the past few months on the back of discomforting inflation and growth numbers. There are a lot of near-term pressures in the market here, the biggest being inflation, says Barclays Wealth's Asia strategist Manpreet Gill.
In an interview with CNBC-TV18, Manpreet Gill, Asia strategist at Barclays Wealth, spoke about his reading of the markets and the road ahead.
Manpreet Gill, Asia Strategist at Barclays Wealth told CNBC-TV18 that the events out of West Asia have certainly rattled sentiment, with everyone now focusing on what the risks surrounding these events are. He says the what-if scenario is becoming a very potent question which everyone is discussing.
Barclays Wealth is concerned about impact of inflation and monetary tightening, and is still not comfortable being "overweight" on India
In an interview with CNBC-TV18, Manpreet Gill, Asia strategist at Barclays Wealth said valuations for Indian markets are currently at much more sanguine levels after the recent correction.