Expect time-wise correction in market for next few months: Nirav Sheth

'Earnings racing off a cliff have some upside risk and low-interest rates will support relatively high valuations'

The domestic markets have been stuck in a range for some time now, with Nifty trading just shy of the 16,000 mark. Amid this backdrop, NIRAV SHETH, CEO- Institutional Equities, Emkay Global Financial Services tells Saloni Goel in an interview that key risk for equity markets, especially emerging markets, is a counter-trend rally in the US dollar. Edited excerpts:

With indices at an all-time high, how do you see the market trend from here on?

Markets are trading at about 21xFY22 and about 19XFY23E earnings at the higher end of their trading range. Earnings racing off a cliff have some upside