Market looks expensive as earnings are likely to dip in FY21: Mihir Vora

This flood in global liquidity allows us the luxury to look beyond the immediate future i.e. FY21 and focus beyond i.e. FY22.

Topics
Markets Sensex Nifty | corporate earnings | Q1 results

Puneet Wadhwa  |  New Delhi 

Flood of global liquidity, expansion of central bank balance sheets, near-zero interest rates, and massive fiscal stimulus in the developed world have fueled the market recovery from the recent low.

MIHIR VORA, director and chief investment officer at Max Life Insurance tells Puneet Wadhwa that he expects the core money flow in terms of insurance premiums, NPS flows, EPF flows, and mutual fund SIPs to continue. Edited excerpts: Is the rally seen since March 2020 low now likely to top out? If we look at the traditional parameters i.e. price-earrings (P/E) ratio, the market looks ...
First Published: Mon, August 10 2020. 10:20 IST