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Valuations turning favourable for Indian stocks: Manulife's Rana B Gupta

The outlook for the rest of FY19 is 'cautiously optimistic'

Rana B Gupta, Manulife Asset Management
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Rana B Gupta, Manulife Asset Management

Puneet Wadhwa
With the election season approaching, Singapore-based Rana B Gupta, Managing Director (India equities) of Manulife Asset Management, which has around $393 billion in assets under management globally, tells Puneet Wadhwa that Indian markets will respond more to global and local factors, beyond the outcome of Assembly elections. Edited excerpts:

What is your interpretation of how the markets have played out over the past few weeks? What is the road ahead for the remaining part of financial year 2018-19 (FY19)?

During the first five months of financial year 2018 – 19 (FY19), Indian equities outperformed. However, in the last two months