The global economy is not exactly in fine shape but one wouldn't conclude that having a look at equity markets. Analysts say share prices have been driven to multi-year or record highs globally thanks to easy-money policies pursued by central banks. Comparing the market rally to "riding a tiger", Arvind Sanger of New York-based Geosphere Capital says the European Central Bank and Bank of Japan, battling a slowdown in their economies, have "no option but to keep the liquidity taps open". In such an environment, the rally should continue at least in the near term. Even still, Sanger continues to see opportunities in select Indian stocks. "We are still conscious of looking at long-term upside. Stock specific opportunities exist," he told CNBC-TV18, adding that bank and cement stocks looked attractive. However, even as one can make a money in the short-term riding the market, Sanger said a "great selling opportunity" will present itself when the GST Bill is passed -- a play on the old Wall Street adage: "buy on rumour, sell on news".
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