Michael Kurtz

Michael Kurtz of Nomura believes India will continue to gain from lower commodity prices

Deep correction unlikely in US; overweight on India: Nomura

Within the Asian region ex-japan, Michael Kurtz Chief Asia Equity Strategist, Nomura is worried about the Chinese growth but is optimistic on India.

Buy cyclicals, avoid beta stocks; Morgan Stanley

Ridham Desai, Morgan Stanley says, "We think the market will slowly move away from quality in favor of growth, operating leverage and eventually, financial leverage."

Expect govt to stick to fisc path; like Maruti: Nomura

Michael Kurtz of Nomura expects infrastructure investment to be hiked to 2.5% of GDP in the Budget and for it to come through pruning of subsidies and more asset sales. He expects a very strong Budget with focus on reforms.

Ukraine crisis may impact EMs, go for risk-off mkts: Nomura

Michael Kurtz, Nomur said the weekend's developments have broadened the scope for markets to price in the tail-risk of dramatic escalation. “It seems sensible to seek protection in risk-off markets,” he added.

See sideways equity consolidation for few weeks: Nomura

Michael Kurtz, Nomura said US recovery stands on solid enough foundations to emerge healthy from its winter retreat. “But that assumption is substantially 'in the price' now, suggesting the possibility of a sideways equity consolidation for a few weeks,” he added.

Market over its taper fear; overweight on India: Nomura

Nomura is overweight on India on anticipating reform-friendly politics and commodity price relief. Kurtz says India, which has historically traded at higher multiples, has the potential to grow in the range of 15.5-16.5 times.

Rally in CAD- challenged India to be short-lived: Nomura

The next key event for Indian market would be RBI governor Raghuram Rajan‘s debut monetary policy, scheduled tomorrow

Nomura likes IT, replaces ICICI with HCL Tech in portfolio

Michael Kurtz of Nomura likes the IT sector for his exposure to US demand growth, tailwinds from a weaker rupee and low exposure to India's sluggish domestic economy.

Bullish on emerging market equities: Citigroup

Markus Rosgen of Citigroup says he is bullish on the outlook for emerging market (EM) equities with a 12-month target of 1150, that's a 22 percent upside.

ICICI Bank, Axis Bank, L&T, Tata Motors top ideas: CLSA

Mahesh Nandurkar of CLSA says he builds in cyclical recovery by FY14-end and his top ideas are ICICI Bank, Axis Bank, L&T, Maruti, Tata Motors and Zee.

Nomura replaces HCL Tech with Zee Entertainment

Michael Kurtz of Nomura says he is replacing HCL Tech with Zee Entertainment as the media industry is at an inflection point as digitisation becomes a reality and Zee is well placed to benefit.

Portfolio stance bias towards financials, energy: JPMorgan

Bharat Iyer of JP Morgan said their portfolio stance was biased toward high-quality financials, energy, IT services, healthcare and state owned utilities.

Remain positive on Asian equities: Nomura

Michael Kurtz of Nomura said they remained positive on Asian equities as early signs of dollar weakening, a growth-supportive shift in European monetary and fiscal policy and resilient US private demand should help risk appetite and stock performance in EMs.

Sell-off makes India's valuations attractive: Ridham Desai

Ridham Desai, Morgan Stanley feels the worst for earnings is behind us. “We see a much better trajectory for earnings than what is being priced in by consensus,” he adds.

Year-end target for Sensex stands at 20,800: Citigroup

Aditya Narain of Citigroup said their year-end target for the Sensex stood at 20,800. "We believe a rate-cyclical biased portfolio will drive outperformance."

Immediate support for Nifty seen at 6045-6050: JM Financial

Gautam Shah of JM Financial sees immediate support for the Nifty at 6045-6050. According to him, if that gets broken would give the first indication of weakness setting in.

Market gains to take cue from stable Q2 earnings: Citi

Aditya Narain of Citigroup said they believed the market's gains from here would track stable earnings. Their June, 2013 target for the Sensex is 19,900.

Focus on winter Parliament session: BofAML

According to Jyotivardhan Jaipuria of Bank of America Merrill Lynch, the key event to focus on is the Parliament session that commences November 22nd

Markets could remain cheap, says JPMorgan

In the absence of structural reforms to address growth constraints, markets could remain cheap, says Bharat Iyer of JPMorgan. "We are Overweight private sector banks on expected policy stimuli and Underweight on consumption as rural growth momentum moderates."

Cyclicals look ultra-cheap versus defensives: Ridham Desai

Cyclicals look ultra-cheap versus defensives, supported by a likely trough in earnings growth, says Ridham Desai of Morgan Stanley.

Expect equities to start moving upwards again: Nomura

Michael Kurtz of Nomura expects equities to start moving upwards again. Chris Wood of CLSA said investors should closely watch the developments in Germany and Spain.

See ECB to stick with short-term debt plan: Goldman Sachs

Andrew Benito of Goldman Sachs expects the ECB to reiterate its preparedness to buy short-dated govt debt which will be dependent on requests for EFSF & ESM support.

Nomura to remain medium-term positive on markets

Based on policy and macro data developments since late-July, Michael Kurtz of Nomura sees reasons to remain medium-term positive.

Mkt preparing for next big bull phase: Morgan Stanley

Ridham Desai of Morgan Stanley believes that the market is preparing itself for the next big bull market.