Markets to remain strong on bottom-up opportunities: Bernstein MD Garre

The equity markets will remain strong from the perspective of bottom-up opportunities, said MD Garre

After a sharp run since March 2020 low, there is discomfort on valuations, as these levels are the highest India has traded in the past, says VENUGOPAL GARRE, managing director, Bernstein in an interview with Puneet Wadhwa. Edited excerpts:

Can the frontline indices undergo a price-wise and time-wise correction now?

India is going through a normal macro turn -- from a phase of intense weakness led by Covid to a normalisation process, as activity levels resume across end markets. Such a turn will make growth rates appear high, with gross domestic product (GDP) growth remaining above the trend line until the September