Zerodha's Nikhil Kamath: ‘India likely to be most expensive market in the world’

Brokerage firm Zerodha co-founder Nikhil Kamath believes that the Indian market has a lot of potential in the long term especially after the stock market witnessed a stellar week with the BSE Sensex and Nifty50 rallying on an all-time high, extending gains for six straight weeks.

Commenting on the rising interest of retail investors in the market, Kamath told ET Now, “India is likely one of the most expensive in the world. It is very hard for anybody to predict timelines to 25,000 but I would suggest one should be cautious when things are expensive; do not buy too much."

He added that even though the cost of capital is high in the short term, it has a lot of potential in the long term. "But over a 10 to 20-year period, it looks good for India," Nikhil Kamath said.

Speaking in a similar vein, Zerodha CEO Nithin Kamath had earlier said that global investors know that India is the future which is why they are interested in investing in the country's businesses.