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Spokesperson says it is too early to talk about specifics
Expecting Sensex/Nifty earnings growth of 16% for current fiscal year & 21% over the next: Abhay
The recent geopolitical events have kept a check on the runaway market rally seen thus far in calendar year 2017 (CY17). ABHAY LAIJAWALA, managing director and head of research, Deutsche Equities India tells Puneet Wadhwa that his December 2017 target for the S&P BSE Sensex is 29,000. Purely from a return perspective, he expects mid-caps to fare better as compared to the large-caps. Edited excerpts:How big a threat is the developing geopolitical situation in North Korea to the stability in global financial markets? It's a risk that is low probability but also one that can't be overlooked. As a consequence, we see equity markets reacting negatively when the war of words intensifies and then react again once the threat seems to have blown over. We may - unfortunately - see this trend continue given the significance of the event. Risk assets will sell off and safe havens will move up, as and when the situation appears to be intensifying. Over the last few years, the handling ...