Now Reading: Pankaj Tibrewal says ‘Buy India’, sees markets supported by earnings, demand
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Pankaj Tibrewal says ‘Buy India’, sees markets supported by earnings, demand
Pankaj Tibrewal says ‘Buy India’, sees markets supported by earnings, demand
The Story in Brief
The Story in Brief
Speaking to NDTV Profit, portfolio manager Pankaj Tibrewal said improving corporate earnings, stronger domestic demand, and potential foreign portfolio investor (FPI) inflows could sustain India's market rally. He advised a 'Buy India' stance, especially in mid-cap stocks, while cautioning that US market valuations appear stretched.
Tibrewal noted that India's relative growth outlook and policy stability continue to attract global capital. However, he warned that any sharp reversal in FPI flows or a global risk-off event could pressure valuations. The comments come as the Nifty 50 trades near record highs.
The Indian Opinion
The bullish chorus on Indian markets often glosses over valuation risks. Tibrewal's caution on US markets is a reminder that global headwinds can hit India too. The real test will be whether earnings growth actually delivers on the premium prices investors are paying. Watch the next two quarters of corporate results and FPI flow data to see if the optimism is justified.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
Ashin Xavier: interesting
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