Mkts to rally throughout 2009: JP Morgan

Adrian Mowat, Chief Asian & Emerging Market Equity Strategist at JP Morgan feels that investor sentiment still bearish and said that emerging markets would trade flat this quarter

However, he expects markets to move higher throughout 2009, especially Asian markets as its fundamentals are comparatively stronger. He added that Asian emerging market were more flexible as compared to European emerging market where there are structural issues.

On the Indian election, Mowat said that the market expectation for Indian political scene was very conservative. He added that it would be difficult to develop a strategy around elections in India but he does see room for an upside surprise in India.

The Reserve Bank of India is likely to push rates to 4% and that will help growth, he said.