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New Delhi: Volatility is expected to persist in the Indian stock market over the next one or two quarters, JioBlackRock Mutual Fund chief investment officer Rishi Kohli said on Monday. However, in what can be termed as good news for the investors, Kohli said there is a possibility of a jump post March and an improvement could be seen at a broader level.
The JioBlackRock MF official said the market projections were based on fundamental, macro, cycles, and sounded confident over stability to return in the domestic market as earnings and broader data start aligning.
Speaking exclusively to PTI, Kohli emphasised that the market has recorded a lot of decline over the past year. He was of the opinion that the worst phase of the Indian market is over, however, "some more pain and volatility may be there".
The JioBlackRock Mutual Fund CIO said his view of both the possibilities stems from "a mix of fundamental, macro and geopolitics", where "the collective data was not pointing to a clear direction".
Kohli’s prediction of both good and bad scenarios for the stock market is because of "some data is good, some is not good, and some has just started changing for the better”.
The JioBlackRock official was of the view that after around two quarters, the various data will start to align and quarterly earnings of the companies which recorded some volatility would also start to stabilise and help the market move much more smoothly.
Kohli said, "Earnings have seen some volatility on average across the entire spectrum of the listed markets, adding that it will start stabilising and improving after a quarter or two", which "should hopefully help give the tailwind to the Indian equity markets to resume its long-term upward trend.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.)
