The market won't wait for earnings to recover, says Jitendra Gohil

Our house remains neutral on equities as an asset class, but believes equities may remain well supported, as global bond market yields are unattractive, he said

After a sharp rally since March lows, Jitendra Gohil, head of India equity research, Credit Suisse Wealth Management, tells Puneet Wadhwa his house remains neutral on equities as an asset class, but believes they may remain well supported as global bond market yields are unattractive. Edited excerpts

What’s your outlook for the markets after the sharp rally since March lows?

Without any material fiscal support, it will be tough for the economy to reach pre-Covid-19 levels anytime soon. It is natural to see macro improvement on a sequential basis after the kind of sharp dip we saw in April due