MARKET EYE-Citi cuts India to 'underweight', fears disappointment

Thu Jan 10, 2013 3:21pm IST

Related Topics

Inside the Peshawar school

Inside the Peshawar school

The aftermath inside the Pakistan school where at least 132 students and nine staff members were killed by Taliban gunmen.  Pictures 

* Citigroup downgrades India to "underweight" from "neutral", as
part of its emerging markets review, saying a rebound in
economic growth, corporate risk appetite and the investment
cycle may not be as strong as current expectations.
 
* Citigroup adds the "ongoing political battles and the upcoming
2014 elections may make this year noisy."
* However, more government reform action, along with easing
inflation and falling interest rates should support equities,
added the bank.
* Citi says Indian shares can at best rise 7 percent more from
present levels.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Hope for SpiceJet

Hope for SpiceJet

Former SpiceJet owner leading rescue plan: reports.  Full Article 

Oil Prices

Oil Prices

Oil rallies above $60, heads for 4th weekly decline on glut.  Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Reuters Exclusive

Reuters Exclusive

Google aiming to go straight into car with next Android – sources.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage