love_gundu22
Praveen Gurwani
ru ICICI The India investor has an edge over global investors, because the Indian markets are more driven by domestic happenings rather than global events, believes Nilesh Shah of Prudential ICICI MF.
Nilesh Shah of Prudential ICICI believes the India investor has an edge over global investors, because the Indian markets are more driven by domestic happenings rather than global events. In his own words, "Global influence has a limiting role, it is the domestic fundamentals that will drive the fundamentals over a longer period of time for the Indian market."
Shah also says the markets need to consolidate, because volatility will increase the risk premium, which is not good for the long-term health of the market.
"Hence we expect some sort of consolidation to emerge; shares shifting from weak hands to strong hands and then markets stabilising in line with the fundamentals," he says.