Markets are attractive after recent correction, says Neelesh Surana

Given the attractive valuations, we would recommend investors should capitalise on the same.

It has been a one-way street for the global equity markets. India, too, has seen across-the-board sell-off since the past few sessions. NEELESH SURANA, chief investment officer, Mirae Asset Investment Managers tells Puneet Wadhwa that the trend of high allocation towards equities, which started five years ago, should continue going ahead. Edited excerpts:

The market recovery on Friday after the Nifty hit lower circuit was quite sharp. What's your reading of the developments?

The markets are attractive post the recent correction triggered by coronavirus (Covid-19). The headline forward P/E multiple at 14.3x is below long term averages. Valuation-based on P/E