Mkts may outperform after clarity on Adani issue: IIFL Securities chairman

Bad loans were increasing due to continued deleveraging by the Indian corporate sector

After being the best performer among major stock markets globally in the year 2022, India was the worst-performing major market in January. In an interview with Samie Modak, R Venkataraman, chairman of IIFL Securities, says the recent underperformance is partly due to bullish expectations. Edited excerpts:

Indian markets have turned underperformers after last year’s outperformance. Do you see this new trend continuing?

Part of the underperformance can be attributed to not having priced in a slowdown early enough. As a result, we are seeing the markets negatively react to some corporate results. The share price fall in Adani group companies