ETMarkets Smart Talk | Financials offer comfort, while discretionary consumption a multi-decade story: Nitin Raheja
financials are currently the most attractively priced segment of the market today. The valuations in the sector clearly offer a margin of comfort,” says Nitin Raheja, Executive Director, Julius Baer India.
In an interview with ETMarkets, Raheja said: “The other segment that we feel strongly about is discretionary consumption which is a multi-decade story in India,” Edited excerpts:
The US Fed delivered a 50-bps rate cut in September and we saw a big move in Indian equity markets as benchmarks hit fresh record highs. How are you viewing this development for Indian markets?
The US Fed rate cut is a welcome move from an Indian market perspective for many reasons.
Firstly, it opens the door for the Indian Central Bank to also cut rates without fear of putting the Rupee under pressure.
Secondly, lower rates in the US will see a reallocation of risk and liquidity to global markets.
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