We expect markets to consolidate gains in Sept quarter: Lewis, Gupta

India has been among the best-performing markets globally in 2017, say Geoff Lewis, Rana B Gupta

Hong Kong-based Geoff Lewis, senior strategist for Asia at Manulife Asset Management, and Rana B Gupta, its managing director for India equities, tell Puneet Wadhwa the risk to a global equities rally could come from central banks in major economies turning hawkish. Edited excerpts:

The US Fed chair sounded dovish in its latest testimony to the Congress. How many rate hikes do you expect over the next one year?

LEWIS: Last month, the US Federal Reserve raised its policy target rate by 25 basis points and provided more details on how it intends to gradually wind down the large, post-QE balance