Outlook on Markets - Sanjeev Zarbade, VP - PCG Research at Kotak Securities

"The BSE 30 Index bounced back strongly today, even wiping out the losses for the entire week to close in the positive territory. In this week, markets had to deal with weak set of Macroeconomic data as trade deficit widened and this was accompanied by decline in INR against the USD and further firming up of domestic bond yields. While there has been some correction in the market in February, the market may have further downside in light of the firming up of the domestic bond yields, we believe. A good strategy would be to increase the allocation in large caps at the expense of mid-caps in view of the higher potential downside in the latter".

Source : Equity Bulls

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