DAILY VOICE: Based on AGM announcements, RIL is Indian FAANG, all rolled into one, says Vikas Gupta of OmniScience Capital
Published in Moneycontrol
Q) What will be the biggest risk for investors in the second half of 2020?
A) The COVID-19 situation is still like Schrodinger’s cat. Only when you open the box do you know whether the cat is dead or alive. Similarly, the resolution of the COVID-19 situation is still unknown.
Only when H2 2020 is over will we know the extent of damage COVID-19 has caused, both, on health and the economy. The impact due to potential small business closures and job losses of people dependent on those is what could impact the demand side, both in India as well as globally.
The most important event around this is the US Presidential elections. That event or the lead-up to that event could create huge uncertainties and impact FII flows.
Read on @Moneycontrol