Valuations are not cheap but not stretched either: Sharekhan CEO

GST and Demonetisation will benefit business and economy in long run, he added

Stock market sentiment towards India could be dented if the much-awaited revival in corporate earnings does not materialise in the coming quarters, Jaideep Arora, chief executive officer at broking house Sharekhan, tells Ashley Coutinho. Edited excerpts:

What is your market outlook for 2017? Given the run-up so far, have the chances of a steep correction increased?

The benchmark indices, Sensex and Nifty, have given returns in line with the rally in the MSCI Emerging Markets Index. It has been more of a global rally and India has got its fair share of foreign inflow during the past seven months. Given