Moneycontrol
Last Updated : Jan 22, 2018 11:57 AM IST | Source: CNBC-TV18

We are in good space with market; just ride this tide: Udayan Mukherjee

In an interview to CNBC-TV18, Udayan Mukherjee shared his views and readings on the market and earnings.

CNBC TV18 @moneycontrolcom

In an interview to CNBC-TV18, Udayan Mukherjee shared his views and readings on the market and earnings.

Mukherjee said that earnings are expectedly good in Q3.

Talking about bond markets, he said that it is breathing easier over the last week and it will breathe even easier after Oil and Natural Gas Corporation (ONGC)-Hindustan Petroleum Corporation Ltd (HPCL) deal.

He further said that if the yields cool down, not just the banks but some of the forgotten non-banking financial companies (NBFCs) will also rise to the fore once again.

"Right now things are good here; you are seeing an earnings recovery, even economic growth will recover during the course of the year. While valuations are a problem, they do not necessarily stop bull markets as a lot of analysts predict them to be. So you are in a good space with the market. I do not know where the next big source of risk is for this market - whether it's global or local but we have to ride this tide," he said.

Watch accompanying video for more details.
First Published on Jan 22, 2018 11:53 am
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