A naukri.com initiative
Bloomberg Quint
2w
318
Image Credit: Bloomberg Quint
Markets Tend To Bottom Out A Lot Earlier Than Outcome, Says Envision Capital's Nilesh Shah
- Nilesh Shah of Envision Capital anticipates minimal impact on India compared to other emerging markets amidst global market volatility.
- The GDP growth in India may slip to around 6% from 6.5%, while larger economies like the US and China are expected to face more significant declines.
- Shah highlights that market movements are influenced by sentiment and liquidity, which will be affected by uncertainty in the short term.
- Unlike past crises, the current situation lacks unified responses, leading to heightened uncertainty and market freefall.
- Shah predicts that markets tend to bottom out earlier than the final outcome, with valuations becoming attractive before complete resolution.
- He suggests being constructive on the IT sector despite short-term challenges, emphasizing on sectors like domestic-focused businesses and infrastructure for growth.
- Shah believes the government will increase infrastructure spending, offering opportunities in businesses supporting infrastructure projects.
- In conclusion, Shah advises monitoring market movements closely, as valuations may reflect a base-case scenario before full resolution of ongoing events.
Read Full Article
19 Likes
For uninterrupted reading, download the app