Bullish on India in medium-term: Citi

Market volatility continues both globally and domestically. In an interview with CNBC-TV18, Mohammed Apabhai, Head of Asia-Pacific Trading Strategies at Citi shared his reading and outlook on the way forward.

India at the moment, is not going to be immune from the global volatility that we have been seeing, he said.

Budget 2018 did not help the sentiment of foreign investors. But the sell-off that we are seeing at the moment has got not a huge amount to do with the Budget but more to do with the sentiment in the global markets and the way that volatility is risen across global equities, global bonds and also in the foreign exchange, he added.

There is a very strong co-relation between India and the global central bank balancesheet. So although there may be a correction right now, in the medium-term I am still a bit bullish, said Apabhai.

For full interview, watch accompanying video...