Mahesh Nandurkar of Jefferies shares insights on volatile markets

Mahesh Nandurkar of Jefferies shares insights on volatile markets

by 5paisa Research Team Last Updated: 2022-03-10T17:59:59+05:30

Here are some of the best advice from this market veteran.

Volatility has become the ruler of the markets! In the couple of weeks or so, markets have been on a roller coaster ride that has been ultimately heading south. However, for the past three days, we are witnessing a strong consolidation.

These days, the markets are enjoying the green territory. Relaxing crude oil prices along with other commodities, state government elections, and support from domestic investors has helped the markets bounce back. Market expert, Mahesh Nandurkar, Head of Research & MD, Jefferies has expressed his views on market volatility, and the bullish rebound we are currently seeing.

Although markets are reacting to the oil price cut down, Mahesh Nandurkar seemed a little sceptical on the bottoms markets have touched. He fears that there might be earnings cuts in the future. Also, the whole war situation has shifted everyone’s focus from the Fed’s actions, which he feels is not still factored into the prices.

Talking about the FIIs sell-off, he mentioned that one of the biggest reasons has been the relative valuations.FIIs have been selling for over six months now because they are finding India expensive relative to other emerging markets. He also points out the difference when FIIs sold in 2008 & 2013 vs FIIs selling now is that the liquidity supplied by domestic investors is overwhelming. Also, talking about the recent elections, he feels the reaction in the market may not last long based on his experience.

He also stressed banking and insurance themes for parking investors’ money when it comes to risk to reward analysis. He is bullish on these sectors amid volatile times. Also, from a long term perspective (at least a year or two), he feels the real estate and four-wheeler auto sector can yield good returns for patient investors.

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