Mkt to be rangebound till Budget, buy on dips: HSBC
May 27th, 2009
Jitendra Sriram, VP and Fund Manager – Equities at HSBC Asset Management Company, said that a good strategy to trade now was to buy on dips. He expected the markets to remain rangebound till the budget. He also expected the country’s fiscal debt to be around 12-13% of the gross domestic product (GDP) and said that it could be of great concern for the market.”Valuations are looking rich and that is probably why there is lot of action seen in the midcap and smallcap space,”