Business Standard

There's little downside in Indian equity markets, says Mahesh Patil

While demand has been softening, commodity price deflation, along with cost control measures by corporates, has prevented severe margin contraction, says Mahesh Patil, CIO, Aditya Birla Sun Life AMC

Mahesh Patil, CIO, Aditya Birla Sun Life Mutual Fund, BFSI Summit
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Mahesh Patil, CIO, Aditya Birla Sun Life Asset Management Company

Puneet Wadhwa
Equity and bond markets have started to look beyond the near-term outlook of subdued growth and elevated inflation as the drivers affecting both growth and inflation have started to turn favourable, says Mahesh Patil, chief investment officer, Aditya Birla Sun Life Asset Management Company, in conversation with Puneet Wadhwa. Edited excerpts:

What is your outlook for the markets for the rest of calendar year 2023 (CY23)?

We expect equity markets, both globally and in India, to be in a consolidation phase in the near term. Currently, most risks are priced in and there is little downside in the Indian equity

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