Neelkanth Mishra of Credit Suisse: Sharp divergence in stock performance, easy global liquidity and the hope of a Narendra Modi-led NDA winning in 2014 can drive speculative excess. Similar occasions last year were opportunities to sell and not buy. With earnings estimates still falling, we believe the current rally would also end badly. But given positioning, it could last a few weeks.
Also Read - Industry sees 25 bps hike in policy rates on Oct 29: Survey
Timothy Moe of Goldman Sachs: Asian ex-Japan stocks look set to deliver our forecast of 9 percent EPS growth, but it is hard to see major positive surprises. Korea and ASEAN earnings were cut most over the past few months, while the magnitude of EPS downgrades in India was much smaller.
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