The market is expensive now and will continue to remain so: Naveen Kulkarni

While we expect a 25 basis point rate cut from the RBI's June 2019 policy meeting, we will be looking forward to the central bank's commentary on GDP for FY20, he said.

A decisive mandate for the Bharatiya Janata Party (BJP) has bolstered the investment sentiment in Indian markets, nudging them to buck the global trend of losses and scale record highs. NAVEEN KULKARNI, head of research at Reliance Securities tells Nikita Vashisht that despite high valuations indices are expected to inch higher over the next one year. Edited excerpts:

Do you think the markets are disappointed with Nirmala Sitharaman’s appointment as the Finance Minister? 
 

Finance is a very typical job where you have to deliver in terms of growth rate, jobs and gross domestic product (GDP) every quarter. It's a tough portfolio.