Every market has its day. The Indian market, too, is having its day, underpinned by having done better than the rest of the world during a problematic 12-month period, said SHANKAR SHARMA, founder, GQuant Investech, at the recent Business Standard BFSI Insight Summit 2022. Edited excerpts:
How would you characterize the current state of the markets?
Indian equity markets are playing a catch up with global markets. Between January 2008 and February 2020, the Sensex gained around 16,000 points (from 21,000 to 37,000) over a period of nearly 13 years. That is an annualised CAGR return of 4-5 per cent in rupee terms.