Feedback from FIIs does not suggest exuberance: UBS Securities
Gautam Chhaochharia, deputy head of India research at UBS Securities, talks about his market outlook for 2013. He says although the rally has been steep, it is likely to be supported because of strong FII inflows. He thinks that the gains in 2013 will be front-loaded, that is, January to March will see the bulk of gains for 2013. He is underweight on consumption names which were the big winners over the last few years. He likes industrials and PSU banks.
