Does the dying out excitement indicate that Indian equities might be in for more pain? Not really, says Alchemy Capital Management's director and CIO Hiren Ved. Though he doesn't see a major fall from current levels, the expects it to stay in a range on rising inflation concerns.
"The market still has to deal with a few headwinds-high oil prices and rising interest rate cycle-this is not going to be very good for equity valuations at least in the near-term," he says. However, these won't dramatically impact the market because people are already underweight and aware of some of these risks. "There can be a plus or minus 10% on either side at this point in time unless either things get significantly worse," he adds. Below is a transcript of Hiren VedDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
