"India has a much better potential and a long-term ability to attract equity capital as compared to debt and that is what our policymakers and government should focus on," says Nirmal Jain.
Sandip Sabharwal, Prabhudas Lilladher believes more upside in store for Indian equity markets on the back of improving macros and upsides seen in global markets. “We should see 12-15 percent upside from here till the end of this year,†he states.
IIFL prefers private sector banks over state owned banks. It is betting on non-banking financial companies (NBFCs) as a rate cyclical play. Bajaj Finance, M&M Finance, Shriram City Union Finance are its top picks.
Technical analyst Sudarshan Sukhani of s2analytics.com expects Nifty to slip below 5,100 levels today. However, he hopes that long positions taken yesterday would be maintained since Nifty has a strong support at 5,100 level.
As earlier reported on Thursday, the Reserve Bank of India (RBI) said that all deposit taking non-banking financial companies (NBFCs) should maintain a minimum capital ratio consisting of Tier I and Tier II capital of 15% from March 31, 2012.