It is still too early for a bear market to begin in the US, according to Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital.
There are currently several prominent IPOs in the pipeline, and they are likely to sail through successfully. Once this mega-IPO phase plays out, the possibility of a bear market cannot be ruled out,” he said in an interview with Moneycontrol.
Back home, Gupta believes it is time for Foreign Portfolio Investors (FPIs) to return to Indian markets. He also feels that reverting to the era of zero Long-Term Capital Gains (LTCG) tax could be worth considering.