"Rising Feb Rates A Sign Of Economic Confidence"

In spite of the current stock market rally, the focus is still on quality and the entire market will not start flying all at once

- Aashish Somaiyaa

The liquidity-driven market rally in India has made investors fearful of a massive and long-term correction. However, Aashish Somaiyaa, Managing Director and Chief Executive of Motilal Oswal Asset Management Company Ltd (MOAMC), thinks a down trend will not last long. In a conversation with Renu Yadav of Money Today, Somaiyaa discusses the current bull run, most lucrative sectors, earnings and returns, and why the US Fed’s rate hike may not affect the Indian market just yet. Edited excerpts:

Markets are now trading near lifetime high. Do you see a correction in the near future?