Daily Voice: Nifty 14% below two-year high; Mirae CIO says much of the risk is priced in, sees stronger returns ahead
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- ✓The Nifty is 14 percent below its two-year high, but Mirae Asset CIO Neelesh Surana says much of the risk is priced in.
- ✓He expects stronger returns ahead as corporate earnings remain resilient.
- ✓Surana said, "Equities are always difficult to forecast in the near term, but much of the risk appears priced in."
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- MARKET
- Reported By
- Moneycontrol
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- 6 Minute(s)
- Market Focus
- India Economy
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Neelesh Surana, Chief Investment Officer at Mirae Asset Mutual Fund, expects another stable quarter for Q2FY27 earnings.
According to him, the Q1 pattern is likely to repeat, with broad-based topline growth of around 15 percent, although margins may remain under pressure. Financials, telecom and metals are expected to drive aggregate earnings, while IT and energy-intensive sectors are likely to lag, he said in an interview with Moneycontrol.
Further, he believes earnings prospects look better in the second half of the fiscal year, with sentiment also expected to improve.
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