BackFII 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
Premium(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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