e Iran de-escalation remains highly uncertain. As the situation is fluid and continues to evolve every day, the near-term outlook for markets remains cautious,” said Ashwini Shami, Executive Vice President, Portfolio Manager, and Co-founder of OmniScience Capital, in an interview with Moneycontrol.
However, from a longer-term perspective, a nearly two-year price correction and a sharp fall of around 15 percent in recent weeks have increased the attractiveness of Indian equities, he added.
According to him, the current Middle East crisis is expected to have a limited impact on the long-term earnings potential of Indian listed companies, as most of them are focused on the domestic economy.
maintained consistent double-digit growth, reflecting sustained government spending.