Ambit Asset Management CEO Sushant Bhansali thinks that the Indian market, which has been scaling new highs, shrugging off weak global cues, has already priced in rate hikes by the Reserve Bank of India and the US Federal Reserve.
Bhansali, who has more than 19 years of experience of asset management and capital markets, expects the Reserve Bank of India to go for a smaller hike of 25-30 basis points when it meets next week as inflation cools off.
A chartered accountant by training who also has an MBA from Hyderabad’s Indian School of Business, Bhansali tells Moneycontrol in an interview that value is emerging in software, pharma and select discretionary names. Edited excerpts:
Are you convinced that the dollar has peaked?