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FII inflow may drive Sensex, Nifty to new highs

Analysts see banks and other interest rate-sensitive sectors doing well in 2013; SBI, L&T, Tata Steel among top picks
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First Published: Sun, Dec 30 2012. 10 33 PM IST
India will continue to attract foreign money despite the various risk factors, say analysts.  Photo: Hemant Mishra/Mint
India will continue to attract foreign money despite the various risk factors, say analysts. Photo: Hemant Mishra/Mint
Almost every brokerage and stock market analyst says the Sensex and the Nifty, India’s most followed equity indices, will scale records in 2013. Indeed, there are risk factors such as a populist national budget ahead of the 2014 general election, the government’s inability to translate its reform plans into actions and global uncertainties; but overall, most say India will continue to attract foreign money. Banks and other interest rate-sensitive sectors are expected to do well in 2013 and State Bank of India, Larsen and Toubro, Tata Steel and United Phosphorous are among the favourite picks in the new year. Edited excerpts from interviews with 10 experts on their expectations:
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First Published: Sun, Dec 30 2012. 10 33 PM IST
More Topics: Market outlook | Sensex | Nifty | 2012 | brokerage |
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