Markets are finally finding their 'footing' as strong earnings calm the storm for anxious investors.
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- ✓Indian equity markets could find support from easing global uncertainties and strong corporate earnings, says Ashika Institutional Equities CEO Rahul Arora.
- ✓He expects private banks to grow by 15% to 20% over two years.
- ✓Arora said, "I'd say from being a little overly cautious, we're now cautiously optimistic" about the future.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Rahul Arora, CEO of Ashika Institutional Equities, expects private banks to post 15-20% growth over the next two years, while viewing the recent IT rally as a trading opportunity rather than a structural shift.
Indian equity markets could find support from easing global uncertainties, strong corporate earnings and improving investor sentiment, according to Rahul Arora, CEO of Ashika Institutional Equities.
Arora said the outcome of the upcoming US midterm elections could shape geopolitical developments and influence crude oil prices, bond yields and capital flows, creating a more favourable backdrop for emerging markets, including India.
Arora expects private sector banks to continue delivering healthy earnings growth over the next two years and believes market valuations remain reasonable despite recent volatility. While he sees further room for gains in select sectors, he said the recent rally in IT stocks is primarily a tactical opportunity rather than the beginning of a long-term structural re-rating.
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