Markets believe the geopolitical situation will not escalate: Rana B Gupta

Both telecom and power sectors could get closer to the inflexion point in the next one year, says Manulife Asset Management MD

Geopolitical developments between India and Pakistan kept the markets on edge last week. Singapore-based Rana B Gupta, managing director, Manulife Asset Management, shares his outlook for the markets and sector preferences with Puneet Wadhwa in an interview. Edited excerpts:

How are the markets reading the geopolitical situation?

The election would inject a lot of volatility. However, we do not expect them to change the market’s course. There has been continuity in successive government’s key economic policies. Indian voters have been giving fairly decisive mandates in favour of either of the two main alliances in the last 20 years. A fractured mandate is