Market may go back to June lows but India will outperform China: Samir Arora

Global markets are under pressure after the US Federal Reserve Chair, Jerome Powell's hawkish comments at the Jackson Hole Symposium. The Indian benchmark, Nifty50, also opened around 1.5 percent in the red and at the time of publishing was down 1.2 percent.

Speaking to CNBC-TV18, market veteran, Samir Arora of Helios Capital, analysed the near-term market trajectory and said that things may be headed towards the June 17 low when the Nifty hit 15,183. However, the silver lining is that the Indian market is likely to outperform China and the United States.

“India most probably will outperform China, US,” said Arora, "We are outperforming and we will again continue to outperform. But I don't think it will make more money from here for the next three-four months. And maybe we give back nearly all of it... Generally, we can only be happy that India most probably will outperform China and US because you can see some specific even beyond inflation issues, although maybe the US is mostly inflation,” he said.