Markets can go up 5-7 percent up or down but the main action will be in stocks. There will be numerous stocks in the mid and small-cap universe that can double from here, Satish Kumar, Head of Equities, Equirus Securities, tells Moneycontrol’s Kshitij Anand in an interview. Edited excerpts:Q) The International Monetary Fund’s global outlook was worrying but it looks like the worst has been factored in. What will cap the upside for Indian markets?A) The market tracks the economy in the long term, ie 10-15 years. In the short term, it can remain independent. While GDP and earnings are important; liquidity, risk-taking, and global interest rates are also important factors.Close It is true that the IMF has forecasted some negative GDP growth number but that’s history. The market is already past FY21 and looking at FY22. related news Nandan Nilekani’s family offloads shares in Clariant Chemicals, Kotak MF sells stake in Arvind Fashions RE What should investors do on Tuesday? Will RBI cut rates post CPI data? Gold steady at Rs 49,324 per 10 gram, silver climbs Rs 805/kg I do not know the extent of earnings decline this year and I would not hazard a guess. I have always maintained… Read full this story
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Next 6 months likely to be 'stagnant' but lot of small & midcaps can could double: Satish Kumar have 313 words, post on www.moneycontrol.com at July 14, 2020. This is cached page on Business Breaking News. If you want remove this page, please contact us.