Bhavin Shah on why India's market has more room to run
«We continue to be one of the fastest growing or the fastest growing large economy in the world. And with a particular characteristic of very strong equity culture and a very strong equity market in terms of corporates, new companies, existing companies, there are a lot of fundamental factors that support our market,» says Bhavin Shah, Founder, Sameeksha Capital.
Well, the big question in the markets right now is should one wait for that dip and then deploy or perhaps the market is not going to award you with that dip, it is just perhaps keep deploying incrementally even at higher levels.
Bhavin Shah: What we have seen in the last multiple years is that you have had sometimes a very short interval dip or sometimes a bit of a time correction for a little extended time, but eventually market moves higher and I think that is probably clearly because of the way our economy is progressing.
We continue to be one of the fastest growing or the fastest growing large economy in the world. And with a particular characteristic of very strong equity culture and a very strong equity market in terms of corporates, new companies, existing companies, there are a lot of fundamental factors that support our market.
So, I think the risk of a correction when markets are where they are, is definitely high on any major negative news, but the chances are that when that happens, eventually the markets have room to move higher after a certain period of time of that correction or a sideways movement.
Continues to remain sideways. Any
