Betting on domestic-driven sectors amid global headwinds: Manish Gunwani

The quarterly results have been mixed until now, with information technology (IT) and consumer sectors being a bit weak while financial has been quite healthy, said Gunwani

The equity market faces two major challenges in the form of high US bond yields and strength in the US dollar, says MANISH GUNWANI, head-equities, Bandhan Asset Management Company (AMC). In an interview with Abhishek Kumar, Gunwani says equities may find it tough unless there is an easing in these two fronts. Edited excerpts:

The market has cooled off after a strong rally. Do you expect the consolidation phase to persist?
 

Most of the headwinds for the market are global in nature. Two very important challenges today are high bond yields in the US and the strength of the US