Taking Stock: Edelweiss’ Aditya Narain cautious on Indian markets

Markets ended Friday near the day's low dragged lower by financials for the week. Friday to Friday market saw three days of a fall and two days with gains. Week-on-week the Nifty fell just under 2 percent, the Bank Nifty fell nearly 4 percent.

In an interview to CNBC-TV18, Aditya Narain, Head of Research at Edelweiss Financial Services, and Jai Bala, the CMT at Cashthechaos.com shared their reading and outlook on specific stocks, sectors and markets.

On rate hike and Indian markets Narain said, “It would be too sanguine to say that it is all already in the price. It would, of course, be too cautious to say that this is only the beginning and markets will be inversely related to the rate hike cycle. But I would say, you still need to remain a little cautious given that in India, at least, we have not seeing the elements of demand that we thought we will see by this stage.”