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Market performance in Samvat 2075 was unsatisfactory: Motilal Oswal

Markets are likely to remain range-bound in the near term till economic recovery is visible, says Motilal Oswal

MOTILAL OSWAL, managing director and  chief executive officer of Motilal Oswal Financial Services
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MOTILAL OSWAL, managing director and chief executive officer of Motilal Oswal Financial Services

Sundar Sethuraman New Delhi
Market performance in Samvat 2075 wasn’t satisfactory; the broader market participation was missing, says MOTILAL OSWAL, managing director and chief executive officer of Motilal Oswal Financial Services. In conversation with Sundar Sethuraman, Oswal says market gains will be capped until there is economic recovery. Edited excerpts:

The market has gained 12 per cent in Samvat 2075. Are you satisfied with the performance?

It is difficult to say as the broader market participation was missing. The market continues to favour quality in times of tepid earnings growth. Samvat 2075 was marked by domestic and global economic slowdown, even though the markets

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First Published: Oct 28 2019 | 8:19 PM IST

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