Financials, auto, pharma, and healthcare to drive Q4 earnings: Rahul Bhuskute
«Wherever there have been dips, the market has been bought into, sectors have been bought into, stocks have been bought into,» says Rahul Bhuskute, Bharti AXA Life Insurance.
You guys at Bharti AXA Life, what are you making of the broader market resilience which has come back, that entire negativity triggered by some commentary from AMFI on stress test of the mutual fund small and midcap, plus, of course, regulator comments on froth in that pocket, all of that appears to be getting digested. You think valuations are comfortable now to get in?
I think, yes, you spoke about market resilience and that has really been the heartening feature of this market. One could make that argument that valuations are higher on a historical basis or compared to other emerging markets, etc, but the market has shown resilience.
Wherever there have been dips, the market has been bought into, sectors have been bought into, stocks have been bought into.
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And I think if you look at it from another perspective, look at India VIX, that has come off significantly, a handle of 10 is something which is very-very comfortable.
You spoke about some local events, regulatory events. I will also add some global events to that. In the last three-four months, you have DXY, the dollar index, that has
