Market to remain down, long term investors can buy Bharti, Idea: UBS
PUBLISHED ON: May 29, 2012 | Duration: 12 min, 35 sec
Suresh A Mahadevan, Head of India Equities, UBS told NDTV Profit that the markets can be flat to down from the current level because valuations are not very stretched. "We don't really see any huge positive triggers from the government. Investors should stay defensive. Bharti Airtel and Idea Cellular are clearly very good buys for longer term investors," he said.