"While the risk of a correction goes up in the near term, on a long-term basis the Indian market is on an absolutely strong footing."
Valuation-wise, the markets look more attractive now
Prabhat Awasthi of Brics Securities also says that they have been positive on banks and that there is still value in public sector banks.
Global brokerage Nomura has increased its one-year target of benchmark BSE Sensex to 30,310.
'Through the course of the year, we expect the economic weakness generated by demonetisation will give way to normalisation of growth conditions.'
These have always been pro-cyclical bets but new banks could erode RoEs.
There would be a short period of turmoil in 2015 but real returns are likely to be positive.
Dubey is the main accused in the ambush in Bikru village in Chaubeypur area of Kanpur in which eight policemen were killed on July 3.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
HDFC and HUL are the latest entrants in the club
'No witnesses came forward to challenge the police claims even after advertisements in newspapers and media. Also, no one from the media came forward to get their versions recorded'
Many giving double-digit returns, with India up less than one per cent; even so, it has done much better than other emerging markets.
Only six sectors are likely to report good set of numbers in Q4 FY15.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
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