Narayan Ramachandran of Morgan Stanley says that the industrial production (IIP) data as well as economic indicators are showing positive signs, which is helping the markets move higher. "They have broken the upside range," he says, adding that the markets can rally another 10-15% from here. However, he feels that the mid-caps may not outperform going forward.
Ramachandran says he would not buy commodities for the long-term. "Gold remains hedge in every portfolio."
Source: MoneyControl
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