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Mkts may outperform after clarity on Adani issue: IIFL Securities chairman

Bad loans were increasing due to continued deleveraging by the Indian corporate sector

R Venkataraman, Chairman, IIFL Securities Ltd
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R Venkataraman, Chairman, IIFL Securities Ltd

Samie Modak
After being the best performer among major stock markets globally in the year 2022, India was the worst-performing major market in January. In an interview with Samie Modak, R Venkataraman, chairman of IIFL Securities, says the recent underperformance is partly due to bullish expectations. Edited excerpts:

Indian markets have turned underperformers after last year’s outperformance. Do you see this new trend continuing?

Part of the underperformance can be attributed to not having priced in a slowdown early enough. As a result, we are seeing the markets negatively react to some corporate results. The share price fall in Adani group companies