New bull market or correction on cards?
Source: Financial Express Sep 21, 2022
Indian equity markets may witness pressure in the near term, given the uncertainty on the global front. The upside from here will be a function of stability in global and local macro conditions, and continued earnings delivery versus expectations, said Mahesh Patil, CIO, Aditya Birla Sun Life AMC in an interview with Harshita Tyagi of FinancialExpress.com. Overall, markets are expected to remain in a range-bound phase until clarity emerges on global macro conditions, he said adding that banking, utility, consumption, PSU stocks are among the top bets. There are many emerging companies that are coming up lately thus providing opportunities to generate alpha, Patil said.
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