Market Outlook Views from Mr. Kuunal Shah, Fund Manager at Carnelian Asset Management & Advisors

“Markets in the next three months are likely to remain watchful because of the developments taking place globally, particularly with regard to crude oil, as it is a very important commodity, and also metals. Due to this, margins for many companies may remain under pressure despite the price hikes that have been undertaken. So far, there has been no visible pressure on the demand side, which will be a key monitorable going ahead.

Having said that, India continues to look like a very strong market and is well-positioned to navigate the disruptions currently taking place in global markets. Over a period of 3–5 years, the market should perform well, and therefore, this could be a good entry point to build a portfolio without focusing on immediate short-term returns.

This situation is quite similar to where the markets were in 2022, which was a difficult period. However, 2023 and 2024 turned out to be very strong years for the markets. A similar trend could play out again, where 2027 and 2028 may emerge as good years for investors currently investing in the markets.”