Performance of India Inc in December 2017 quarter has ended mostly on a satisfactory note with no major negative surprise according to various brokerages’ views. However there will still be better opportunities for investors to enter though market has corrected recently.

 Antique Stock Broking pointed out that growth is finally catching up but it expects markets to take a breather. Last week, Kotak Institutional Equities said that it finds valuations of the Indian market and stocks on the higher side in general despite the recent market correction and expects equity multiples to correct over time. In short, analysts expect Indian equity markets to remain volatile and subdued in the short to medium term.

Though strong fund flows continue, ongoing global economic recovery and political uncertainty  (with state elections in three BJP-ruled states (Chhattisgarh, Madhya Pradesh and Rajasthan) in late 2018/early 2019 and national elections in April/May 2019 as per the current schedule) will keep investors nervous.

Thanks to the correction, Nifty 50 is down 5 per cent in February and flat year to date in 2018.

 

 

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