Asian shares edged higher with investors looking forward to inflation data that could prompt rate cuts in the US and Europe. Oil prices rose amid Middle East tensions. Nvidia’s upcoming earnings report is eagerly awaited. Federal Reserve Chair Powell hinted at potential rate cuts to mitigate employment risks.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility