Saibal Ghosh, CIO's expert commentry on Global Whale Investors Looking At Indian Mega Caps Now on ET Now

In an exclusive interaction with ET Now, Saibal Ghosh, CIO,  shared strategic insights, suggesting a shift from stretched small/mid-cap valuations to large caps. With a neutral stance on banks, Ghosh emphasized the close relation between earnings multiples and interest rates, spotlighting the positive capex cycle as a bigger theme which will play out. He remains cautious, expecting 'higher for longer' rates. Ghosh sees no convincing downside in equities, expressing personal positivity in the market. He highlighted scarcity premium in industrials, positive valuations in the power sector, and optimism in the 2-wheeler space, with a touch of caution for the IT sector. Lastly, he highlighted that, with 30 Indian stocks as mega cap, this will play extremely positive for the Indian markets from the global investment perspective.