Consumer sentiment to remain subdued; banks may re-rate: Vinay Paharia

Consumer sentiment is unlikely to pick-up in the near-term as the government needs to put money in the hands of consumers so that they can go out and spend, says Vinay Paharia, chief investment officer (CIO) at Union AMC in an interaction with Swati Verma. Edited excerpts: 

Your view on market post corporation tax cut?

The reduction in corporation tax has immediately resulted in an increase in fair value of companies. While previous concerns such as domestic as well as global economic slowdown continue to remain, valuations have become attractive due to the improvement in the underlying fair value. The