The Sensex shut shop at 17,560, with a 53 point gain despite stable global markets. Experts see a new rally starting from August. They also believe that India remains a great market for stock-pickers as its fundamental growth prospects are still extremely strong.
Peter Redward of Barclays Capital feels that global markets are unlikely to take the Greek default situation well.
In an interview to CNBC-TV18, Peter Redward, Head Rates Research for Emerging Asia, Barclays Capital said that the market is likely to be driven by oil prices. Though he sees higher risk in global economy, Redward hopes that the European Union situation will stabilise.
Is the US bond market bottoming, are global commodities topping out? These are the questions that will have a seminal meaning to us in India, where inflation is already in double digits. In an interview with CNBC-TV18's Latha Venkatesh, Peter Redward of Barclays from Singapore, and Bhanu Baweja of UBS from London answer.
Peter Redward, Head Rates Research for Emerging Asia, Barclays Capital in an interview on CNBC-TV18 spoke about what has been happening with currencies lately and where this particular asset class is headed on the back of a lot of global newsflow.