A. Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC, expects economic activity to pick up in 18-24 months, but says markets will remain buoyant due to global flows and government reforms.
Managing director and chief executive officer Chandresh Nigam says the current market rally continues to remain narrow as market participants err on the side of caution.
Benchmark indices, Nifty 50 and S&P Sensex scale new lifetime highs on the back of strong FII inflows, broad-based buying, and positive global sentiment in early trade on Tuesday
FM seeks to address pain points in the economy, boost infrastructure and capital markets. But hike in surcharge for higher taxable incomes dampens sentiment.
