Mahendra Jajoo, Head-Fixed Income, Mirae Asset Global Investments, share his views and outlook on Indian equity market as well as bond market to CNBC-TV18.

“Indian equity is a good buy,” he said.

“We will have to wait for the monsoons to arrive. We have to see if Goods and Services Tax (GST) collections can sustain. Macro environment for fixed income still remains fairly challenging,” he said.

“7.75 for 10-year is a fairly strong resistance and today, we have seen the improvement and the 10-year is now at about 7.70 which is a good 6 basis points (bps) improvement,” he added.