My advice to investors at this stage is to stay put: Mark Matthews

Also says, corporate earnings should grow at least by 20%, led by banks & commodity-related sectors

With the markets hitting all-time highs last week, Mark Matthews, head of research for Asia at the Zurich-headquartered Julius Baer Group, a multinational banking entity, tells Puneet Wadhwa that foreign investors will continue to buy in India, as they like the reform story. He says his feeling on India has always been that it is a buy and hold market. Edited excerpts:

The Indian benchmarks hit a new high last week. Where do we go from here?

The markets can go higher. Markets rarely trade in line with their long-term averages (LTA). When they are below the LTA, it’s because