Gautam Sinha Roy, Associate Director & Fund Manager, Motilal Oswal AMC, is of the opinion that macro uncertainties have reduced considerably. He also feels that earnings of companies (BSE 500) would improve in the next one year. Excerpts from an interview with BusinessLine:
Given that elections, geo-political tensions and macro uncertainties are on the horizon, should investors be betting on defensives for now before clarity emerges?
The only material uncertainty to my mind remains the election results. Here again, the uncertainty today is far lower than what it was a few months back when we were heading into the four major State elections. The key macro variables including crude oil prices and inflation are in the benign zone. Interest rates are definitely looking to head lower, going forward.
