Sharp Pull Back Soon : Expect Kotak Sec

Thursday, May 14, 2009

Sharp Pull Back Soon : Expect Kotak Sec

R Venkat Subramanium
Kotak Securities

The exit polls announced yesterday could come in closer to the actual election results. He expects more bargaining happening between political parties post the declaration of results on Saturday.

According to him, the markets should have pulled back ahead of election results. "But a rise in global flows to emerging markets and riskier assets prevented that. This is now coming to an end. We are seeing a slowdown in global flows. So, we expect a sharp pull back in the markets soon."

source: CNBC TV18

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Thursday, May 14, 2009