Talks of Fed tapering returned to spook markets globally towards the later part of the week gone by, and India was no exception. The weakness, especially in the broader markets, was significant, as investors booked profit fearing more pain ahead. Surely market valuations are rich compared with long-term averages, and recent listings by D-Street debutants weren’t promising, which has been weighing on retail sentiment. Investors are unsure whether they should treat any weakness as an opportunity to buy stocks.
Amit Mudgill of ETMarkets.com caught up with Harshad Patwardhan, Executive Vice President & CIO Equities at Edelweiss Asset Management, to understand how the beginning of Fed taper would influence the domestic market. Patwardhan says the impact of Fed taper this time would not be as harsh as 2013. He sees no significant pain in the market after the Fed actually begins tapering. Use any such opportunity to buy quality names, says he. LISTEN IN
Welcome to the show, sir.
>> With Fed taper talks on, do you see a small bear phase within the structural bull market? If yes, can it offer reasonable entry points to long-term investors in the coming months?
>> For our listeners, can you tell us a bit about how the Fed taper could impact domestic stocks?
>> Do you think the days of easy money-making are over? Where would you be investing in this market?
>> Management commentaries suggested a recovery in July. Do you think earnings can surprise on the upside, as the year progresses? How much can inflationary pressure impact numbers?
>>What are the factors that you think can dictate the market in the next 12-18 months?
Thank you Mr Patwardhan. That’s all in this week’s special podcast. Do keep checking this space for more interesting content and take time out to follow our market podcasts twice every day. Stay safe and Happy Weekend!
