We don't see a lot of upside in equities from current levels: Venkataraman

As the government unveils a series of policy-related measures to stem the economic fallout of the Covid-19 pandemic, R VENKATARAMAN, managing director, IIFL Securities, tells Puneet Wadhwa that though the benchmark indices are significantly lower from the peak, they continue to price in a fairly optimistic scenario. Edited excerpts:

Your interpretation of the stimulus measures announced by the government? Is that what the markets and industry were expecting?

While we await full details and the implementation of the announcements, some of the policy steps to improve funding access to non-banking financial companies (NBFCs) are positive. However, equity funding plans could face challenges