Don't expect high market returns now, says Raamdeo Agrawal

Interview with the co-founder and joint managing director of Motilal Oswal Financial Services

Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services, in an interview to Hamsini Karthik expressed his concerns on the lack of earnings growth, and why the gains for the market may be limited in the short term. Edited excerpts:

Is the recent rate cut adequate to rekindle consumer sentiment?  

It is in the right direction and it’s a complex subject. I’m sure RBI (the central bank) knows it better.

You have of late expressed your concern on current market valuations, very unusual of you.

The current scenario of lack of earnings growth is what I am concerned about. It is