Corporate Earnings To Stay Muted: Andrew Freris
  • Elizabeth George
  • Sep 27 2013

September 27: There hasn’t been a clear uptick trend in the Sensex, says Andrew Freris of BNP Paribas Wealth Management. “To rally, Indian markets need good policy news, lower interest rates, low inflation and good earnings, none of which is being seen now,” he says. As the economy decelerates, earnings will follow suit. The RBI’s suggested rate hikes will hit some sectors and any government attempts to boost infra before the elections will only swell the fiscal deficit, he adds.