Thursday, May 15, 2008

Mkts to trade rangebound with upside of 6-7%: Edelweiss Cap

Abhijit Chakraborty of Edelweiss Capital said more people are coming to the markets to buy ideas. Risk appetite has been marginally positive. It is helping investor sentiment in India. But he thinks it's pretty unlikley for markets to retest recent bottoms. He expects to see rangebound markets which may trade in the range of 6-7% on the upside.

Domestic investors have been cautious, he said. Currently they don't expect more than 15-20% upside. But He doesn't expect a very sharp fall in the markets.

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