UBS

Economists don’t foresee crisis in emerging markets in near future

Economists don’t foresee crisis in emerging markets in near futureEconomic growth in most of Asian countries is still strong, and most economists are not foreseeing a big crisis in emerging markets in the near future.

At end of March 2013, India's current account deficit reached more than 4 per cent of its economic output or $95 billion, but capital inflows of $92.6 billion helped the country meet the shortfall in the current account.

Stock Market Trades Higher; TCS Confident Of Better Performance

Stock Market Trades Higher; TCS Confident Of Better PerformanceIndian Stock market gained on Monday with BSE Sensex up by nearly half a per cent at 18773 and NSE Nifty higher by 22 points. Among major Asian markets, Hang Seng was up by 0.55% while Straits Times and Nikkei 225 were flat.

Suresh Mahadevan, Head Equities at UBS Securities has expressed positive outlook for Indian stock market. He expects that the Indian economy will recover during the second half of the financial year. He also expressed his opinion about expected rate cut from RBI over next 12 months.

Investors Should Stay Defensive: UBS India

Investors Should Stay Defensive: UBS IndiaGautam Chhaochharia of UBS India has suggested investors to stay defensive as Indian markets are mainly driven due to higher liquidity. Despite global economic issues, Indian markets have remained firm during the past few trading session. NSE Nifty has gained ground in past trading sessions and is trading near its 52-week high of 5629.

In an interview with CNBC-TV18, Gautam Chhaochharia said that macro economic factors can be pressure point for Indian markets. UBS India is not so bullish on Indian markets and has suggested defensive play to their clients.




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