Tuesday, 22 September 2009

Positive on India for long term but won't buy now: ABN AMRO

Emil Wolter, Head of Regional Strategy, Asian Equities, ABN AMRO Bank would prefer to book profits in India. “Expectations here have jumped ahead of valuations. We have high expectations on materials, consumer durable and IT space.” Though he said he was positive on India for the long-term but won’t buy at current levels.

Source: Moneycontrol

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