Cost pressure to lower margins in Q2: Daiwa Mutual Fund
Pankaj Pandey, head - research at ICICI Securities expects Sensex to move in 16300-18800 range for the next 6-9 months. Sethuram Iyer, CIO of Daiwa Mutual Fund(India) expects corporate to face margin pressure due to higher commodity prices in the second quarter. He adds that this is not the right time to buy stocks.
