It is unlikely that there will be much improvement in India’s macroeconomic parameters from here on, says Prasad. Photo: BloombergThe Indian market looks expensive at current levels, according to Sanjeev Prasad , senior executive director and co-head of Kotak Institutional Equities. Edited excerpts:How do you view the Indian market at this point of time, with benchmark indices at two-year highs? There is value in a few sectors such as corporate banks and IT service companies, assuming potential positive developments in those sectors. We expect credit costs for the banks to decline from 2HFY18, which will result in higher profits of the corporate banks.

Source: Mint March 08, 2017 02:29 UTC