Indian Market Holds Strong: Expert Insights on Sustaining Gains and Future Triggers for INR Coin (INR)
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- Rahul Singh, CIO-Equities at Tata Asset Management, shares his insights on the current Indian market trends and future outlook in an interview with Mint.
- He discusses the potential for India to emerge as a significant manufacturing hub, the contrasting trends of FII and DII, and the impact of a potential US economy slowdown.
- Singh also provides his views on the RBI’s stance on rates, the performance of the Indian IT sector, and the prospects of the PSU banking space.
Rahul Singh, CIO-Equities at Tata Asset Management, discusses the Indian market’s inherent strengths and future prospects, providing valuable insights for investors.
India’s Market Strengths and Future Triggers
According to Singh, while many positives are already reflected in current valuations, the Indian market possesses inherent strengths that could sustain these gains. The potential for India to emerge as one of the important manufacturing hubs post-Covid and post-Ukraine has added an option value to India’s equity valuations. This, coupled with under-control fiscal and stable external account, has led to a 70-75 per cent valuation premium in India’s PE ratio relative to other emerging markets.