A rise in delta variant infections had destabilised global stocks in the earlier part of the week gone by before firm economic data in the US helped the markets gain some lost ground.
Yet the Delta risk to global economic recovery, however, is real. A risk-off trade is already emerging, with FPIs pulling out Rs 5,689 crore from domestic equities so far this month. Indian markets, though, look complacent, as suggested by fear gauge India VIX, which is trading at the lowest level in 18 months.
So will this new variant come haunting the markets again? How strong do our stocks look at these levels? Amit Mudgill of ETMarkets.com talked to Rahul Singh, CIO of Tata Mutual Fund to seek answers to these questions and more. Listen In..
Welcome to the show, Sir:
Given that markets from Wall Street to Dalal Street are hovering at record highs and volatility indices (VIX) are ruling at low levels, how would rising cases of delta variant globally impact Indian stocks?
Earning upgrades so far have been led mainly by commodity and energy pockets. Do you think demand concerns globally can bring in downgrades to FY22 earning projections for key indices?
Rising inflation is a concern globally. What are the chances of central banks taking a U-turn on
ultra loose money policy, given the Fed dot plot is now projecting two hikes by 2023? How would it influence inflows to India?
While investing is always a bottom up approach, which are the sectors that you think may find favour with investors in say next 12-18 months?
What would be your advise to first-time investors?
That’s it in this week’s edition of the special weekend podcast. Do come back next Saturday for this weekly special. You can check out our regular podcasts on the equity market twice every weekday.
