Home / Business / Money / Bull run in India to continue till ’18; buy now: Jim Walker

Bull run in India to continue till ’18; buy now: Jim Walker

Economic growth going ahead will be dependent on government’s reforms ahead, Jim Walker, MD, Asianomics said.

In a very optimistic call, Jim Walker, MD, Asianomics expects the current bull run in Indian indices to continue till 2018. In an interview to CNBC-TV18, he says this is not the time to think about end of the bull run instead it is great time to buy into the market.

Key Indian indices are on a strong footing from the past few trading sessions with the Nifty and Sensex scaling fresh highs, coutesy supportive global cues and improving macro data back home.

He further adds that signals that one is receiving from the new government in India are improving and on the macro-economic front as well, there are many positive developments.

On specific sectors, Walker finds value in industrial and cyclical stocks. He says the industrial midcap space holds the best value right now.

 Transcript to follow shortly

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...