 "Abhiram Eleswarapu, Head of equity research, BNP Paribas Securities India")
Your outlook for the market for this year?
The past year was challenging, with the Nifty marginally down and held up only by a handful of stocks. The BSE mid-cap and small-cap indices are down 20-30 per cent over the past year. Macro factors such as trade wars, oil prices and currency have fluctuated significantly, making it more of a trading market than one for investing.
To us, 2019 appears a story of two halves for Indian equities; a more difficult first half might precede a stronger second half. India is rated ‘neutral’ in our Asia ex-Japan model portfolio. We have a
