Скачать или смотреть Market Outlook Before Budget: Earnings, Banks, EVs & Defence | Prateek Agrawal | CNBC Awaaz

Prateek Agrawal, MD & CEO, Motilal Oswal Asset Management Company, shares his market outlook ahead of the Union Budget, discussing whether the current bearish phase could be nearing its end. He highlights improving global cues such as a softer dollar, potential currency stability and positive trade developments, along with expectations of a market-friendly budget that could create room for higher government spending.
He explains the ongoing shift in market leadership, noting that while index stocks appear stable, real earnings growth is emerging in select broader market segments where valuations have corrected meaningfully. The conversation also covers the changing dynamics within banking, where valuation gaps are narrowing, and the long-term opportunity in high-growth sectors beyond traditional index heavyweights.
Prateek outlines his constructive long-term stance on defence as a structural global theme driven by rising geopolitical spending and domestic manufacturing push. He also shares his preference for the electric vehicle ecosystem over traditional internal combustion engine businesses, citing technology shifts and evolving consumer trends. Overall, he believes markets may be in the final phase of consolidation, with improving fundamentals setting the stage for a more positive environment once sentiment stabilises.

Source- MOAMC Internal

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