Market will focus on earnings and how they are playing out: Nilesh Shetty, Equity Fund Manager, Quantum AMC
We are long term investors, and generally over a period of time Budget, per se, has lost its importance. By and large, especially once GST came in, and all the indirect taxes sort of went out of the Budget, it really has lost significant impact on the market. The Fed policy – most of the FIIs are watching closely more than sort of the Omicron and enter the other scares, increase in interest rates is what is worrying them. By and large, I think, whatever happens, the market will take it in its stride and focus on earnings and how earnings are playing out. I think the focus remains that India is at the cusp of a slightly longer-term recovery, probably lasting four-five years and if the data continues to prove that, last two quarters we’ve seen record earnings from corporate India, and if that continues to happen, I think both of these events will be shrugged off and the markets will continue the trajectory that it has set for itself.
