"We believe the long-term capex story remains intact as we are seeing a massive shift in the capex cycle benefiting from the China plus strategy. For us the domestic capex story remains intact and consumers and corporate sentiments are resilient with a steady macro regime post-COVID, but we do not rule out the volatility as the hardening of USD and crude oil prices could pose a challenge in the interim."
"While we expect Nifty to give a 10-12% return over the next year, we also see volatility levels going up in the near term given uncertainties to global growth due to aggressive tightening by the US Fed. While the US Fed may not raise rates further, high-interest rates, withdrawal of liquidity by the US Fed and uncertainties over global growth will have an adverse impact on FPI flows."
“There might be some ups and downs until December 3, especially with the state election results coming in, but after that, I expect a pre-election rally in the market."
ESG is an acronym for Environmental, Social, and Governance (ESG) that socially conscious investors use to select investments. ESG norms provide a more focussed ideology and specific framework that ensures expected returns.
"Our market has displayed resilience and has seen a maximum drawdown of just 6.5% in this phase (that too with FPIs in withdrawal mode). Given the relative strength of our market, we believe our benchmark index could pause and see some further time correction as opposed to deep cuts from the current levels of ~19000 Nifty."