HSBC's Herald Van Der Linde bullish on India, advises buy on dips

Herald Van Der Linde, Head of Asia equity strategy at HSBC, remains optimistic about India's market prospects, despite potential short-term fluctuations. In an interview with CNBC-TV18, he said he sees no reason why it won't continue to outperform. "It's a market where I say you buy into dips," Linde stated.

Discussing the broader market scenario, Linde acknowledged that the global economic environment, particularly the shifts in US bond yields and interest rates, could temporarily impact equity markets.

Linde pointed out the recent trends in US bond yields, noting their decline from five to below four in just a few weeks, which has positively influenced global equities, especially tech stocks. "This recalibration in the bond market is a temporary situation, but it's something investors should keep an eye on," he advised.