Volatility can linger, but the Indian stock market ready for recovery after March: Jioblackrock MF CIO

The stock market can continue to see some volatility the following or two quarters, but after March an improvement is expected at a wider level, said Jioblackrock Mutual Fund Chief Investment Officer Rishi Kohli Monday.

He emphasized that the projections “are based on fundamental, macro, cycles” and the confidence expressed that stability will return as the profit and broader data begin to coordinate.

Jioblackrock Mutual Fund is a 50:50 Joint Venture between Jio Financial Services and USD 12 trillion worldwide asset manager BlackRock.

In conversation with PTI, Kohli noted that the market has passed a “a lot of pain” in the past year, adding that “the worst of the price pain seems to have happened”, although “some more pain and volatility may be there”.

This expected turbulence, he explained, stems from “a mix of fundamental, macro and geopolitics”, where “the collective data did not point to a clear direction”.

This lack of clarity is because “some data is good, some are not good, and some have just started changing for the better,” he said.

However, this is expected to “start stabilizing and improving after a quarter or two”, which “should hopefully help to give the tail wind to the Indian stock markets to resume his long -term upward trend,” he added.