Home / Business / Money / Mkt looks well supported for 3-5 yrs; like banks: Axis Cap

Mkt looks well supported for 3-5 yrs; like banks: Axis Cap

Nilesh Shah, MD and CEO, Axis Capital, expects earnings growth to pick up in the next 2 years and sees strong demand in Indian markets from international and local investors.

Lack of supply pressures have kept stocks at elevated levels, says Nilesh Shah, MD and CEO, Axis Capital . He expects divestment to help investors create new positions and feels short-term corrections are healthy for Indian market in “the long-term”.

Shah, who prefers equities against the fixed income asset class, feels gilt funds are unlikely to outperform equity markets. He expects banking and financial sectors to grow at a faster rate and recommends staying overweight on the sector.

Shah expects earnings growth to pick up in the next 2 years and sees strong demand in Indian markets from international and local investors.

“The market looks to be well supported for next the 3-5 years… We are looking to adopt more bottom-up approach,” he said.

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 ...