Global growth to still moderate throughout the year: Venugopal Garre
«Now to a large extent that has played out. So what we did just about two months back is we sort of reasserted our positive call, but then started to say that the broader markets will continue to do well while the index perhaps will just float around the range,» says Venugopal Garre, MD, Bernstein.
The markets have done very well for themselves. What is next because some would argue and say that all the triggers in terms of macro, micro, inflation, crude prices, earnings, everything is played out, what is next which will propel the markets higher?
Yes, this is the most important question to answer now. I guess the call earlier this year was fairly easy. In fact, my own journey has been, as we discussed earlier, was that I upgraded the market in the first week of April to a buy and after being underweight for the first quarter of the year. Now there were, of course, a lot of factors which drove that call of ours at that point of time especially centred around the bottoming of the economy.
Now to a large extent that has played out. So what we did just about two months back is we sort of reasserted our positive call, but then started to say that the broader markets will continue to do well while the index perhaps will just float around the range.
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When I say broader markets, technically means everything around SMID. Now the reality is, if you look at the last one-one and a half months, we have started to see a situation where momentum in SMID has been fairly strong and most of
