Market likely to be up by 15% after one year: Survey
Quotes

Market likely to be up by 15% after one year: Survey

Last Updated: Tuesday, December 04, 2012, 22:12
 
 Comment 0
 
Market likely to be up by 15% after one year: Survey
Mumbai: With improved investment climate because of recent government reform majors and rate cut hopes by the Reserve Bank, fund managers believe the market to be up by 15-20 percent after one year, according to a recent survey.

"The overall outlook and investment sentiment towards equity market has improved significantly over the last three months. Most of the fund managers are positive on the market from a one year perspective.

"They expect the market (BSE Sensex) to be up in a range of 15-20 percent at the end of one year," according to the 'Fund Managers Survey' conducted by ICICI Securities.

The Fund Managers Survey, conducted on a quarterly basis, covered 12 domestic fund managers from the mutual fund industry.

With the recent reform announcement by the government, the outlook in the near term has improved significantly with 58 percent of the fund managers bullish as compared to just 8 percent during the previous survey conducted in August.

Total 25 percent respondents expect the market to be deliver returns in the range of 10-15 percent, while 17 percent expect it to deliver return in 0-10 percent range.

Private sector banks, FMCG or consumer oriented segment and media sector has seen increased preference, while pharma and IT sectors has witnessed decline in preference.

The preference although divided remain slightly favourable towards large caps as compared to midcaps, it said.

Fund managers are more hopeful of better earnings growth next fiscal.

"Total 75 percent of respondents expect earnings growth to be in the range of 10-15 percent in FY14 compared to 5-10 percent in FY'13," it said.

PTI


First Published: Tuesday, December 04, 2012, 22:12


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved