Home / Business / Money / Budget 2015-16: No fireworks expected; buy India on dips, says Deutsche

Budget 2015-16: No fireworks expected; buy India on dips, says Deutsche

Pratik Gupta, head of equities, Deutsche Bank says investors are positive on the Indian equity market given the global backdrop and lower commodity prices.

The expectations from the Union Budget 2015-16 have come off slightly in the past few days, says Pratik Gupta, head of equities, Deutsche Bank.

Speaking to CNBC-TV18, Gupta says the Union Budget is expected to be growth-oriented, just like the Railway Budget, but long-term investors are more worried about the pending legislations.

However, investors are positive on the Indian equity market given the global backdrop, commodity prices and flow of funds.

“So, we would recommend buying the Indian market on every dip. India will see a good recovery though the timing of the recovery is not clear,” he adds.

Transcript to follow soon.

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...