Anoop Bhaskar, head-equity at IDFC Asset Management Company, says most global markets are at elevated levels and high valuations are not a ‘local’ issue. In an interview with Chirag Madia, Bhaskar says elevated valuations, monetary tightening, and failure of vaccines are the three biggest risks for the markets. Edited excerpts:
The Indian markets have seen a sharp jump over the past year. What do you think of this rally?
It depends on one’s perspective — either focus on the sharp rally from the lows of March 2020, which may make most investors uncomfortable. Or, view it from the pre-pandemic level — January