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Rate cut discounted; IT, pharma to see headwinds: ICICI Pru

Gunwani sees corporate earnings growth being tepid for a couple of more quarters as the improvement in the macro environment is yet to trickle dow

The likelihood of a rate cut by the RBI has been discounted to a large extent. feels Manish Gunwani, Senior Fund Manager, ICICI Prudential AMC.

In an interview to CNBC-TV18, Gunwani says investors cannot look at financial services firms purely as a play on declining interest rates.

He sees corporate earnings growth being tepid for a couple of more quarters as the improvement in the macro environment is yet to trickle down.

Gunwanai expects IT and pharma companies to face cross currency headwinds as the dollar strengthens. He sees 2015 as a year of consolidation for equities

VIDEO AND INTERVIEW TRANSCRIPT TO FOLLOW

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