Mumbai- ET NOW, the 24-hour English business news channel brings to you ?Contra Call? a special series of ?Market Makers? that focuses on providing its viewers with the most profitable contra calls under the current market scenario. This week show features Shankar Sharma, Director; First Global who spoke about his outlook on the current market scenario, GDP growth, FDI flows & his contra calls for the year.
In his exclusive interview Shankar Sharma mentioned that the big contra call this year would be to sell Emerging Markets like India & buy Developed Markets like US. He also added that the Indian markets currently are too fixated with 8% GDP growth but on-ground reality is completely different.
His top contra calls for the year were to BUY Bajaj Auto & Tata Motors and SELL Infosys & RIL. Commenting on the current 2G scam he said, the scam could derail FDI flows into the country significantly.
Catch the full interview of Shankar Sharma on Thursday, May 11, 2011 at 06.30pm and repeat telecast at 11.00pm. Only On ET NOW.