'Bull run in global equities is just starting,' Atul Suri expects 18-20% upside in major US indices

Atul Suri, CEO of Marathon Trends PMS believes a bull run is global equities is just beginning and it wouldn't be surprising to see major US indices such as the S&P 500, Dow Jones Industrial Average, and NASDAQ gaining nearly 18-20% from current levels.

Suri highlighted the favourable conditions for such a bull run calling it a Goldilocks scenario, where inflation cools off, and recessionary concerns are put aside. He expects industrials sector to lead the next leg of the rally.

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Suri pointed out that India is probably the first market to break out to lifetime highs, adding, "I think in a scenario where global markets have about 18 to 20% upside, I don't think that India is going to lag in a big way."

Next year, Suri expects India to witness its largest ever foreign institutional investment (FII) inflows along with steady domestic investments and Systematic Investment Plan (SIP) flows seen this year. This will be aided by changing global financial conditions such as decreasing bond yields.

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