Positive returns by end of year if external risks limited: Nomura

THE RISK PREMIUM for the Indian market is primarily external than internal, believes Nomura's head of India equity research Saion Mukherjee.

- ANANYA GROVER

THE RISK PREMIUM for the Indian market is primarily external than internal, believes Nomura's head of India equity research Saion Mukherjee. He also said a lot of noise around tariff has already happened, but one will have to wait and watch the actual impact.

"We have an earnings risk but if the external situation remains within limits, we could still see a positive return by the end of the year," Mukherjee said at a media briefing on Thursday.

According to Mukherjee, domestic flows have shown some signs of fatigue, but nothing is coming off. He added as foreign institutional investors have been net sellers in the Indian market in the last six months, so, they don't own enough of Indian equities.