'Markets aren't prepared for a phase of slowdown', says Bernstein MD

Venugopal Garre says there is some downside risk to the market at this juncture and investors should start looking at selectively taking money off the table

With the markets at record highs, Singapore-based VENUGOPAL GARRE, managing director, Bernstein, tells Puneet Wadhwa in an interview that he recommends investors focus on individual stock picks where there is room for secular growth characteristics or genuine levers for a strong cycle. The debates with foreign investors regarding India, he says, largely centre on the room for an overall strong macrocycle to emerge and the opportunities in the primary markets. Edited excerpts:
 
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