The Indian IT sector’s recent interest is seen as tactical, not structural, as banking stocks show fatigue. Rising crude oil prices are driving inflation, potentially pushing WPI higher and forcing the RBI to consider rate hikes amid currency pressure. This suggests a shift towards a stagflationary environment of slower growth and higher inflation.
Markets may consolidate; micro, small and mid-caps could lead alpha generation, says Quant Mutual Fund
Quant Mutual Fund expects Indian equities to consolidate after the recent rally but believes micro-, small- and mid-cap stocks will drive alpha. It remains bullish