ETMarkets Smart Talk: Stay put! Nifty could give 20% return in Smavat 2080: Amar Ambani
Amar Ambani, Group President and Head – Institutional Equities at YES Securities.
In an interview with ETMarkets, Ambani said, “Domestic liquidity is strong and all we need is some relief on the global front, for FII inflows to resume,” Edited excerpts:
Unlock Leadership Excellence with a Range of CXO Courses
Offering CollegeCourseWebsiteIIM LucknowIIML Chief Marketing Officer ProgrammeVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitWe are seeing some turnaround in Indian markets – is it the post-Diwali Dhamaka or Santa rally?
The market is still down on a month-on-month basis. But the festive mood is always one of joy and hope, so yes, you can call it a relief rally of sorts.
We’ve had a good results season for India Inc, across large and midcaps, and financials and non-financial segments. That may have something to do with it.
Maybe there’s hope on the geopolitics front, that the Israel-Hamas conflict won’t spill over to the rest of the Middle East and consequently, there won’t be a supply-induced spike to inflation.
There are key elections to come and then, domestic liquidity is pretty strong as well.
What are your expectations from Samvat 2080?
On the concerning aspects first, we are living in a high-interest rate world with ongoing wars in two distinct parts of the globe, threatening to disrupt supplies and logistics.
On the positive front, we’re hopeful that interest rates are close to their peak and that India stands out from the rest of the world.
Our Indian banks are healthy, our corporates are deleveraged and there’s no bubble in the housing industry.
Given that the indices have delivered single-digit returns in the past two Samvats, I
