Road ahead for equity markets will be challenging: Exide Life CIO

Though the markets have gained from the recent low, boosted by a $2 trillion stimulus in the US, followed by the announcements from the Indian government and the RBI, we continue to remain cautious

We have been cautious on the equity market for the past couple of months when valuations were elevated despite a slowdown in growth numbers, and subsequently when the initial signs of a further global slowdown caused by the spread of the Coronavirus Covid-19 were visible. The recent fall has, admittedly, been much deeper and faster than what we anticipated.

Though the markets have gained from the recent low, boosted by US markets, a $2 trillion stimulus in the US, followed by the announcements from the Indian government and the Reserve Bank of India (RBI), we continue to remain cautious, as