The overall triggers for the Indian market will be good monsoon and passing of the GST bill, said Jay Kothari, vice-president (investments) of DSP BlackRock Investment Managers.
Mr. Kothari told presspersons here on Friday that with the U.K. voting to leave the European Union, the emerging market currencies will depreciate and the issue is how India will tackle this.
What will cool the market are the measures that will be taken by the Central Banks of the European and G7 countries. Investors should be aware that India is a domestic-centered market. It has a stable government, the fastest growing economy, reforms that are happening, etc. India will benefit as the commodity prices will come down and this will bring down inflation, he said.
“Overall, we are entering into a better earnings cycle. We are seeing clear evidence of a pick-up in activity on the ground. All these factors make us positive on the long-term trend of equities,” he said.
