Nifty valuations at 20x forward earnings and 17.5 FY22 leaves little room for further re-rating; therefore short term market movements will be correlated to global liquidity & equity market trends rather than domestic factors.
The sectoral leadership is changing in the market which means there is potential for portfolio construction. Pharma, chemicals, telecom, insurance, FMCG (especially, packaged food) and IT services are meaningful in size, said Rahul Singh, CIO-Equities at Tata Mutual Fund said in an interview to Moneycontrol’s Sunil Shankar Matkar.
Q: RBI finally announced one-time loan restructuring after a lot of demand, but with riders. What are your thoughts and will it really solve the NPA problem facing by banks for a long time now?