However, Citigroup Investment Research Report on Asian equity markets said the ROE of Asian corporates are highly dependent on their exports to the United States and may take a dip if exports do.
Among sectors in India, the company said it was bullish on sectors like banks, consumer durables, IT enabled services, telecom and utilities.
The company, however, gave a bearish view on some other sectors like two wheeler automobiles, commodities and pharmaceuticals.
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