On risks to the Indian market, Wood said a sharp slowdown in mutual fund inflows is a clear risk.
Speculation is rife that Mukherjea’s resignation may be linked to his contrarian calls going awry.
On April 4, the stock had listed at Rs 87, a 3 per cent discount to its issue price.
ET spoke to senior analysts for their picks to play the monsoon theme.
Derivative analysts market range for the ongoing April derivatives series is shifting higher.
The loan controversy had an impact on the initial public offering of ICICI Securities, which closed with a 78 per cent subscription on March 26.
For the nine months ended December, the company had reported loss of Rs 50.9 crore on a consolidated basis.
The upcoming state elections are expected to add to the volatility in the market.
I don’t think we will be getting even close to a double-digit return in the next 12 months, he says.
The ongoing trade war between the US and China has spooked investors.
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