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GAAR deferment to boost FII sentiment, buy IT stocks: Ambit Capital

PUBLISHED ON: May 8, 2012 | Duration: 13 min, 02 sec

  
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Saurabh Mukherjea, Head of Equities at Ambit Capital told NDTV profit that the FII sentiment will improve ahead as a result of the finance minister's announcement that the General Anti Avoidance Rules (GAAR) will be deferred by one year to FY2013. "Global cues may remain negative but declining crude prices may boost equities," he said. He is overweight on HCL Tech and TCS, bullish on Prestige Estates, Oberoi Realty and Sobha Developers.
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