Undoubtedly Indian market is going through one of the most troubled times. The weak-hearted lose confidence easily but there are still some pining hopes on it. Puneet Nanda of ICICI Prudential Life Insurance is optimistic on the market.
In an interview to CNBC-TV18, Nanda said that valuations are looking good at current levels. Though the industry has seen degrowth of about 20% in the first half of FY12, he expects growth to pick up in the second half.
Noting that the market is more concerned about domestic triggers, Nanda explains that investors' risk appetite has significantly reduced. He advises investors to look at a balanced portfolio with a three to five years perspective. Here is the edited transcript of Nanda
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