Indian equity market headed higher with interim volatility: Standard Chartered

Standard Chartered Bank expects the Indian equity market to continue doing well in the near term though there are credit concerns, Steve Brice, chief investment strategist, told CNBC-TV18.

“Obviously, we have had credit concerns and that’s always at the back of investors’ minds until we get vaccination rates above 70 percent but the view is that the economy reopening will continue. We can see some volatility in the interim, but we are going to be higher than what we are today in 12 months time,” said Brice.

On US inflation, he said, “Our view is that the Fed will look through this temporary spike in inflation; we are looking for a much lower inflation, just above 2 percent in 2022.”