Improvement in global economic growth should drive markets: Nandurkar

Investors need to strike balance between valuations & growth outlook, says CLSA executive director

With markets seeing a healthy run-up since their December 2016 low, Mahesh Nandurkar, executive director and India Strategist at CLSA, the Hong Kong-based investment and brokerage entity, tells Puneet Wadhwa investors need to strike a balance between valuations and the growth outlook. As a contra theme, one could look at the information technology sector, he says. Edited excerpts:

How do you see the global financial markets in 2017?

We clearly believe that the global growth outlook is steadily improving, thanks to the improvement in the growth outlook in the United States (US). We are clearly seeing this improving outlook to