India is still lagging behind whereas global markets are making fresh highs. Now it seems to be bouncing back and the market is discounting six months far out. What are your thoughts?
Since the market fell in March 2020 and the subsequent run up, there have been periods of time when India significantly outperformed or even has been the best performing market among emerging market peers. Currently we are going through a minor correction or a sideways movement for two reasons. One is because everybody would like to wait and watch as the result season has already started. The September and December quarter results were ahead of expectations. People might want to watch the sustainability of that performance for a couple of quarters.
Quant MF.
The last 10-15 days have been full of chop and churn in the market. Are we in for some dull days of trade?
We have been saying that the global volatility for most of the asset classes will remain elevated and the data points keep on changing. So, whether you talk about a dollar index or bond yield or sometime VIX related data points, a very interesting thing is a lot of things are changing but global risk appetite which started correcting from the mid February onwards, has reversed again. So global risk appetite is rising and that is reflected in the Bitcoin price movement. That is very supportive for the global equity or global risk assets from the near term perspective.