Indian equity benchmark indices are taking a U-turn as the global picture is not favourable, and it all depends on the right names in each sector that investors pick since growth is not necessarily from one particular sector, Prashant Khemka, Founder of White Oak Capital Management, has said..
Speaking to CNBC-TV18, Khemka shared his thoughts on the current market condition in India, rising Ukraine tension and its impact on the global markets, and the right strategy for investors to navigate volatility.
Underscoring that domestic equities are guided by global cues, Khemka listed out factors that have caused the current volatility. Global cues have turned in favour of bears as the Russia-Ukraine crisis worsened, and the Indian market is facing its negative impact. Currently, benchmark indices are taking a U-turn as the global picture is not favourable, he observed.