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Indian equities could recover in the remaining months of the financial year, supported by resilient corporate earnings and steady economic growth, said Sachin Relekar, senior equity fund manager at Axis Asset Management Company. “While markets are grappling with peak macro uncertainty from elevated crude prices, geopolitical tensions and global monetary tightening, India’s sustained growth above 7% could brighten the outlook,” Relekar said. “In some cases, earnings have moved forward but prices have not moved as much due to global factors. That said, the risk-reward is much better than it was a year ago, which will help a rebound,” he added….
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