Idea Exchange — Markets could have been delinked from economy for a while but not for 18 months…don’t think it will crash: Nilesh Shah, MD, Kotak Mahindra AMC

 Idea Exchange — Markets could have been delinked from economy for a while but not for 18 months…don’t think it will crash: Nilesh Shah, MD, Kotak Mahindra AMC
Nilesh Shah, MD, Kotak Mahindra AMC

Nilesh Shah, MD of Kotak Mahindra AMC, explains why he is confident about India being a “long-term growth story” and why markets will “continue to correct”, says he doesn’t believe RBI will increase interest rates to a level where it derails growth, and calls for regulation of cryptocurrencies. This session was moderated by Associate Editor Sandeep Singh.


Sandeep Singh: From a peak of around 62,200 a couple of weeks ago, the Sensex lost around 5% or 3,000 points over the last week. How do you see this and do you expect to see the correction continuing?

In the near future, I think the corrections will continue. However, every correction is an opportunity to buy into the market. I believe, in the market, there is a red zone and a green zone. In the red zone are stocks, where floating stock is limited and there is a concentrated holding. That concentrated holding allows people to put any price…

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