Benchmarks touch lifetime highs

ACCORDING TO Aashish P Sommaiyaa, ED & CEO of WhiteOak Capital AMC, while domestic flows are sustainable, FPI outflows are abating and there are early signs of change.

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However, he does not believe it to be durable. “I would watch out for turbulence emanating from US markets or global markets in general due to yields rising in Japan, geopolitical issues etc,’ he said.

Balasubramanian also expects the December quarterly results to be stronger than analysts’ anticipation, reinforcing the resilience of India’s corporate earnings. “Together, these factors are propelling sentiment and positioning the market for sustained strength,’ he added.