Indian markets won't enter bear territory anytime soon: Nischal Maheshwari

Profit margins for Indian companies are likely to improve as input costs have stabilised since last year, says Nischal Maheshwari, CEO of institutional equities at Centrum Broking

It has been a topsy-turvy two months for Indian equity markets. Nischal Maheshwari, chief executive officer for institutional equities at Centrum Broking, in conversation with Puneet Wadhwa, says the road ahead for Indian markets is contingent upon how US inflation moves and how quickly a reversal of global monetary stimulus happens. Edited excerpts:

Are risks for markets mounting?

Risks are mounting for markets, but these are largely driven by the recent sell-off in one large corporate group. In the short to medium term, risks remain high.

That said, the Indian markets rose quickly in the past 18 months due to