We expect markets to remain polarised: Centrum Broking's Nischal Maheshwari

Given the ongoing global risk sentiment, investors are flocking to safe-haven asset classes and avoiding risky EM asset classes, said Maheshwari

The outbreak of coronavirus opens up an unanticipated and unmeasured downside risk, feels NISCHAL MAHESHWARI, chief executive officer for institutional equities & advisory at Centrum Broking. In the short to medium term, a defensive portfolio strategy is recommended, he tells Puneet Wadhwa. Edited excerpts:
 

How are the markets likely to play out over the next three-six months?

The outbreak of coronavirus has occurred at a time when the global and the domestic economies are facing a slowdown. The fear of supply-chain disruptions, likely to occur because of the industrial clampdown in certain Chinese provinces, has obstructed the nascent signs of global