bEST BUY BELOW 30.00 RUPEE, REASON: See 10-15% correction in mkts: Aberdeen AMC
Published on Tue, Jul 14, 2009 at 10:58 , Updated at Tue, Jul 14, 2009 at 11:36
Source : CNBC-TV18
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Hugh Young, Managing Director of Aberdeen Asset Management Asia, said he expected another 10–15% correction in markets and added that 2010 outlook `was murky`.
According to Young, India remains expensive for the short term. He however said they had a substantial exposure in India for the long term, and that they would look to buy in Indian markets on corrections.
The monsoons were not a concern for long-term investors in India, Young said.
Also read: Mkts upswing may resume from Oct `09: AMP Capital
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Looking at the market present condition the only buy thing is comod.... and out of this sugar is the only good looking share to buy at current level. buy as much as you can....
| NIFTY 
