It now asked MarktExpert Karthik Kumar for his broad view of the current market scenario.
Kumar explained that the GST changes were positively received by investors, but the future market direction will decrease on consumption trends and external factors.
“Because we have heard about GST restructuring, the markets have taken things quite positively. From here it is what the course of the markets will decide to what extent we see a pick -up in consumption and those are the data points where we are increasingly looking in the festival season, given the cut in GST,” he said.
He further said that if India gets positive signs in terms of the rates and the current negotiations, that will be a different added interpretation for the markets.
Kumar believes that the market is structurally positive for the long term for a number of reasons. “One of these is that we now have considerably suppressed emerging markets, which means that our valuations are in line with the agents in the longer term. Valuation premiums for emerging markets are in line with average averages in the longer term. So although our market may not be attractive in absolute terms, the size of the property is the size of the property. “He said.
“It comes down to sectors and subsectors. So in some cases a reduction in GST can actually help helping volume growth. In some cases it may not be as elastic in some industries,” he said.
As the festival season approaches, market participants will keep a close eye on consumer expenditure patterns, rate developments and trends of business results. With valuations that are now tailored to long -term averages and a gradual reduction in profit reductions, experts see structural support for market growth in medium to long term.
((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
as a reliable and trusted news source#Festive #season #rates #focus #investors #follow #market #trajectory