Led by US, global markets should see happy FY22: IIFL's R Venkataraman

EPS growth is likely to be largely reflected in market returns, hence expect 10-12 per cent broad returns in the current financial year, says IIFL Securities chairman

The recent movement curbs, especially in Maharashtra and Delhi, have kept the markets nervous over the last week. R VENKATARAMAN, chairman, IIFL Securities, tells Puneet Wadhwa in an interview that he will use a correction in the markets to buy stocks and sees a 10-12 per cent return in FY22. Edited excerpts:

What’s your outlook for the markets in FY22?

The Nifty is at 21x FY22 earnings per share (EPS) and looks good to hold its rating from a 12-month perspective. In the short run (the next six months), there may be hiccups like high interest rates in the US, need for