Given the volatility that is clearly present in the current market, Chhaochharia expects stability soon. Despite the blend of factors that are contributing to current volatility, signals that investors need to watch for are policy-based reforms in the nation, he said.
“The bigger driver of the markets will be policy. The market direction is driven by local flows so policy is important,” Chhaochharia explained. When one zooms out, the market background is different compared to last year, he noted. But the impact of policy is not only limited to market stability, but also spills on to returns expected from the market.
