Given the recent weakness in the rupee and the high forward premium, information technology companies can prove to be good defensive stocks with low downside risks in the prevailing market conditions, Moses Harding, head (global markets group), IndusInd Bank, tells Puneet Wadhwa.
The key triggers would be price of oil, inflation and results of state elections. If oil and inflation levels come down, there could be a rally.
We believe equity markets in 2011 will be volatile. However, for investors, volatility will provide investment opportunities.
India, per se, is witnessing more promising growth.
Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, tells Business Standard that high prices and hardening of mortgage rates may act as a dampener.
The central bank may increase both repo and reverse repo rates by another 25 basis points each in the next policy meeting.