We should see relief rally sustain, though with interruptions: S Mukherjea

'India accounts for a mere $3 trillion of economic activity in a world with nearly $80 trillion of activity'

Last week was almost a one-way street for the markets, which even took Moody’s India downgrade in their stride. SAURABH MUKHERJEA, founder and chief investment officer of Marcellus Investment Managers, tells Puneet Wadhwa that as a strategy, the focus is not valuations, but companies with clean accounts that sell essential products to 1.3 billion Indians and have immense entry barriers. Edited excerpts:

Is the worst over for the Indian equity market?

Given the overreaction to the Covid-19-related panic in the three months ended March 2020, it was inevitable that the Indian market would see a sharp recovery as investors got over their