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Elusive earnings recovery the biggest domestic risk for markets: Jaipuria

Jyotivardhan Jaipuria, MD, Veda Investment Managers, feels global risks bigger than domestic

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Puneet Wadhwa
With the markets scaling new highs, Jyotivardhan Jaipuria, founder and managing director of Veda Investment Managers, tells Puneet Wadhwa that he expects domestic/economy-related plays to do better than export-oriented sectors. Edited excerpts:

Where do you see the frontline benchmark indices a year ahead? 

Over a year, the market is likely to give a positive return that could be high single-digit or low double-digit. However, (in) the near term, the market can be volatile and we could see a correction and time consolidation. The markets look expensive compared to long term averages but are probably discounting a sharp earnings improvement cycle. 

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First Published: Jul 10 2017 | 1:59 AM IST

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