Indian equity returns likely muted for remainder of the year, says Nomura

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Indian equity returns likely muted for remainder of the year, says Nomura - Business Standard

Quick Summary:

On corporate earnings, Mukherjee said they are surprising on the upside after a while."Historically, we have always seen earnings disappointment, but at the moment, earnings are strong.

Many more could follow as the valuation gap between India and the rest of the world is significant across sectors," said Mukherjee.

Mukherjee said IPO activity, when it revives, could absorb the liquidity and help temper the markets."We have the Hyundai IPO coming up.