Indian equities are not going through a bear phase, said Anand Rathi, chairman of Anand Rathi. He pointed out that the chances of market going down further today are very low.
According to Rathi, the valuations look very attractive at these levels and the interest rate sensitives also look very good. He feels India is still a stock pickers market, however, he indicated that the brokerage industry is going through the toughest time.
He feels that 7% GDP is achievable for India. He further stated that the govt should reduce Security Transaction Tax (STT). Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: What has been your assessment of the situation that India and Indian stock markets have had to face? We have seen a rank underperformance throughout the year and it looks like we
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