With inflation cooling off and interest rates nearing the last leg of hikes, global growth is expected to bottom out in the calendar year 2023 and rebound in 2024, Devang Mehta, director of equity advisory at Spark Capital Private Wealth Management, says in an interview to Moneycontrol.
Mehta believes the equity market has priced in lower interest rates and he expects to see confirmation for sooner than later.
The complexion of the equity market has changed in the past couple of weeks, particularly after the earnings season with decent numbers on the bottomline and margin front plus encouraging commentary from managements.
Though sentimentally it may be important to attempt new highs and sustain by the market, investors, both global and domestic, are convinced about the India’s attractiveness as compared to its peers, says Devang with more than 23 years of experience in wealth…
