Views on markets today - Anita Gandhi, Whole Time Director at Arihant Capital Markets Ltd

Anita Gandhi, Whole Time Director, Arihant Capital Markets Ltd

"Inflow of money isn't stopping anytime soon. Low interest rates and lack of options in other asset classes has seen the money coming into equity market. The flow of money through systematic investment plan (SIP) has been the big positive and a game changer in the Indian equity market. It's been the advent of Retail 3.0 in the Indian equity market and while it's not wide spread, it's much stronger, sensible and also has depth. The return of retail has just begun and it will certainly take time to become a larger phenomenon. Of course, valuations are stretched with Nifty is trading closer to 19 times forward earnings. There are pockets of excessive valuations in the mid caps, so a possible correction in valuations cannot be ruled out, if there's some unexpected development. However, we're positive about India's longer-term prospects".

Source : Equity Bulls

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