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 Quote on Sensex by Mr Devang Mehta, Head- Equity Advisory, Centrum Wealth

indian markets bounced back with renewed vigor after a sharp fall led by the inflation & interest rate rhetoric from the US, a day before. Though India cant decouple with the rest of developed & emerging markets, there is a strong expectation of relative outperformance on the back of improved macros, robust trend in most of the high frequency indicators, progress & coverage of monsoon, lower commodity prices, improvement in credit growth, expectation of big festive demand after a long covid induced slowdown, capex roadmap by public & private sector & improvement in corporate profitability.

 Add to it, the growing domestic investor community which has started to believe in the long term equity cult plus the return of Foreign Institutional Investors, make India clearly a market to invest in. There will be days of heightened volatility due to a number of moving parts, but it has to be utilized as an opportunity to buy in adversity.

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