Citi Private Bank upgrades Indian equities to 'neutral'
Tuesday, February 05, 2013 - 07:08
Feb. 5 - John Woods, MD & chief investment strategist at Citi Private Bank, upgrades Indian equities to neutral on the government's reform push but says twin deficits and inflation still pose a risk. He tells ET NOW that markets are overbought at current levels and that financials, real estate, cyclicals will to continue to outperform. Global markets may see a pullback of 5-10 percent in near term.
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