An optimistic outlook for the economy indicates a robust demand for funds, increasing the pricing power of the banks. |
Return expectations need to be toned down this year and one will have to be really choosy in stock selection. |
Some of the money the domestic mutual funds have raised will also come into the market now. That's one reason why the market refuses to go down. |
The market outlook broadly remains positive as the Indian growth story is still intact. But valuations are not as sanguine as last year. |