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Issues related to sub-prime still have to sort out; looking for $ 300 Bn LBO financing and expecting the Fed action in September: Karma Capital

Thursday, September 6, 2007

Nandita Parker, Managing Partner, Karma Capital said that the issues related to sub-prime still have to sort out. They are looking for $ 300 billion Leveraged Buy Outs financing and are expecting the Fed action in September. The September events are likley to give cue for the way forward and also the October earnings will be the big event for markets.

She further said that it is too early to make a call on Emerging Markets. About Indian markets she said that India should remain relatively insulated from US concerns and an economic standpoint.

Ms Parker said that she likes Infracstructure space and telecom as they both are the safe bets. She is also bullish on Media in the long term. In Media space, she is bullish on Print and TV in particular. But she is concerned about radia in Media space on increased compteition.

About other sectors, she likes BHEL, ABB, Reliance Energy in Power sector. She said that she is still concerned about IT services on rupee apreciation, slowdown in US and the increase in wages. She is also concerned on Real estate and the prices ahead of themselves. She advised to be selective in Auto. About Banking space, she said that she don't have much exposure in the banking.

Posted by FR at 7:08 PM  

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