Redemption pressure for the industry could increase: Taher Badshah

Frontline indices could potentially see the downside of 5 - 7 per cent from current levels, says the chief investment officer for equities at Invesco Mutual Fund

A steady fall in markets since the past few weeks has left investors wondering what the eventual bottom could be. TAHER BADSHAH, chief investment officer for equities at Invesco Mutual Fund tells Swati Verma that frontline indices could potentially dip another 5 – 7 per cent from the current levels. Edited excerpts:

How do you interpret the recent market moves in the backdrop of global and domestic developments? Where do you see S&P BSE Sensex and Nifty50 indices by the March 2019-end?

Broader equity markets have been showing weakness since nearly the start of the calendar year 2018 (CY18) in