Favour Cos With External Orientation: Goldman Sachs
  • Nikita Setia
  • Aug 28 2013

August 28: There will be continues pressure on financials and more downside to the current market, says Timothy Moe, Chief Asia-Pacific Equity Strategist at Goldman Sachs. He likes sectors with an external orientation, such as IT and software services, as these are benefiting from a weak rupee. He admits there has been a reversal of flows but less than the inflows seen over the past couple of year. “A lot of foreign money has remained in India,” he adds.