Disappointment in Lok Sabha poll outcome will be short-lived: Pradeep Gupta

The Indian markets appear to be expensive, on an absolute basis, with 1-year forward valuation at 20 times. The overall risk/reward ratio, thus, seem unfavourable on a historical basis, Gupta said

The next big trigger for the Indian equity markets are the Lok Sabha election results. Due on June 4, PRADEEP GUPTA, executive director and head of investments (India) at Lighthouse Canton, believes markets are hoping for policy stability and continuity post the outcome. In an email interview, Gupta tells Tanmay Tiwary how the markets view general elections, and shares his perspectives on the current state of the Indian markets and potential risks. Edited excerpts:

How does the market look to you at current levels?

The Indian markets appear to be expensive, on an absolute basis, with 1-year forward valuation