Markets to consolidate over the next three-six months: Sampath Reddy

Despite the multiple COVID waves, the earnings for FY22 have not seen any significant downgrades and are on-course to deliver about 25 per cent growth

Multiple headwinds in the form of an aggressive US Fed rate hike and geopolitical developments have brought the near secular stock market rally since March 2020 to a halt. SAMPATH REDDY, chief investment officer, Bajaj Allianz Life Insurance, tells Puneet Wadhwa in an interview that the markets will give positive returns incrementally by end of the year, provided there’s no further deterioration in the geo-political environment. Edited excerpts:

Do you expect the markets to undergo more time-wise and price-wise correction going ahead?

Global headwinds and rural slowdown have stopped the one-way rally of the last 18 months resulting in removal