Markets likely to slip; not the right time to bottom fish in NBFCs

Liquidity is still abundant despite monetary tightening and hence there is a possibility that EM assets could bounce back from this lows

Rising oil prices amid a sliding rupee are some of the headwinds that the markets have been facing off-late. Jitendra Gohil, head of India equity research at Credit Suisse Wealth Management tells Puneet Wadhwa that compared to the other emerging markets (EMs), they have underperform view on India. Investors, he says, should also stay away from equities for the next three – four months. Edited excerpts:

How do you see the markets playing out from here?

In January, our view was "no major correction in Indian equities" largely driven by domestic flows which we believe is structural in nature. Despite