Indian markets are in midst of global quagmire: Harendra Kumar, Elara Sec

Equity markets are in a state of suspended animation - it is conflicted on which way to move. While global markets, and the rupee are flashing red signs, India is holding up due to its 'Atmanirbharta

As global markets roil under mounting geopolitical tensions, and macroeconomic uncertainties, HARENDRA KUMAR, managing director of Elara Securities tells Nikita Vashisht in an interview that India is holding up due to its ‘Atmanirbharta’. He expects 2023 to be a big year for markets, and sees mid-teen returns in Samvat 2079. Edited excerpts:

What is your assessment of the markets right now? Are the risks getting stronger?

The markets are in a state of suspended animation - it is conflicted on which way to move. While global markets, and the rupee are flashing red signs, India is holding up due to its