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India valuations fair; RBI rate cut likely in Oct: Edelweiss FIn

Everything is falling right in place for the Indian markets so the uptrend is likely to continue in the near term feels Vikas Khemani of Edelweiss Financial Services. He believes valuations are reasonable right now and investors would be positively surprised with the earnings growth in coming quarters.

September 22, 2016 / 21:27 IST
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Everything is falling right in place for the Indian markets so the uptrend is likely to continue in the near term feels, Vikas Khemani of Edelweiss Financial Services. He believes valuations are reasonable right now and investors would be positively surprised with the earnings growth in coming quarters.

In an interview to CNBC-TV18 sharing his outlook on the markets, Khemani says the current bull market is more India-specific than emerging markets.

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Private capacity expansion (capex) cycle is yet to pick up but investments have certainly started picking up as it is the first step for fuelling growth in the economy. He expects strong GDP growth in coming years.

He believes current conditions make it certain the Reserve Bank of India will cut rates this October.