The market went for a strong run after the shift in stance by RBI from accommodative to neutral but UR Bhat of Dalton Capital says he is unsure if this can be sustained. According to him, US President Donald Trump‘s policies pose a huge risk for the market.
We believe that government‘s aim is to leave consumers with more disposable income and fuel the consumption demand. Therefore, lower tax rates will play an important trigger, as interest rates have come off in a big way