The global markets have been galloping in the recent few days. In India, rallying for the eighth consecutive session, equity benchmark Sensex surged 316.02 points to close at a fresh lifetime high on Wednesday, tracking largely positive cues from global markets and strong foreign fund inflows. After touching its alltime peak of 43,708.47 during the session, the 30-share BSE index settled 316.02 points or 0.73 percent higher at 43,593.67.

In an interview to CNBC-TV18 Rupal Bhansali, the chief investment officer for global equities at Ariel Investments, weighed in on the recent times and also over a longer time horizon.

“For a 5 years in a row, earnings growth has disappointed and that always is a bad set up for an equity market performance,” she said.

Talking about sectors, Bhansali said, “There are always pockets of opportunity in any markets and in any part of the world and certainly info tech in India has always been a very attractive place to investors as has been healthcare. I would say that longer term perhaps the healthcare industry is going to be more the unsung hero of innovation.”

“Financial services industry in India has been pretty beaten up as it has been worldwide, but in India in particular there is a whole NPL cycle and a lot of other corruption scandals and various things that went on which of course need to kind of get addressed,” she added.

To know more, watch the video.

(Edited by : Abhishek Jha)

First Published:Nov 11, 2020 5:23 PM IST