'Dec'21 Nifty target of 16,500; still a lot of opportunity in large-caps'

Piyush Garg, executive vice-president & CIO PMS, ICICI Securities shares his views on the road ahead for the markets and the investing strategies one should adopt

As India gradually unlocks after the second wave of Covid, PIYUSH GARG, executive vice-president & CIO PMS, ICICI Securities, tells Puneet Wadhwa in an interview that this year, he expects the pent up demand for goods to be a bit lower than in 2020. Edited excerpts:

What all positives and negatives are the markets factoring in at the current levels?

Markets have largely factored the downward revision to economic growth in the first quarter of the current fiscal (Q1FY22) due to the second wave of Covid. Equity markets are looking forward to a faster pace of vaccination drive in India