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VERIFIEDET Markets·neutral
Top India fund manager favours banks, power as oil risks loom
AI Summary
- ·Sankaran Naren, CIO of ICICI Prudential Asset Management, is bullish on banks, power utilities, oil refiners, and pharmaceuticals.
- ·He cited attractive valuations and improving earnings as reasons for his optimism.
- ·Naren cautioned that a sharp rise in crude oil prices could negatively impact market valuations.