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TODAY'S POST


Saturday 13 August 2022

Equity Market Strategy

 

Equity Market Strategy

Rating: Neutral


Resilience of Indian market could be tested in the short-term…

India’s current resilience is supported by a fall in commodity and oil prices, a normal monsoon and improving bank asset quality. Global growth prospects are deteriorating, geopolitical uncertainty and risk of recession are high, particularly for developed economies.

Investment Theme
A balanced portfolio could be the most advisable investment approach.

Valuation

We assume valuations to sustain at premium levels due to a healthy domestic economy, fallout in commodities and improvement in FIIs inflows However, our 1-year base target gets LTD at 18,000 for the Nifty 50 hence we have a neutral view.

Risks
Increased geo-political risk, oil prices, interest rates, FIIs selling.

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