Worst of inflation behind us; mkt recovery to continue: Emkay's Sachin Shah

The two big challenges of inflation and aggressive FII selling are behind us, believes Sachin Shah, Fund Manager, Emkay Investment Managers

Investors have placed aside concerns around inflation, and rate hikes over the past few weeks, reflecting a significant decline in risk-off sentiment. The benchmark Sensex and Nifty indices have erased all losses for the calendar year 2022 with an impressive turnaround. In an interview, Sachin Shah, Fund Manager, Emkay Investment Managers, tells Harshita Singh that the bulls are likely to stay over the next few months. Edited Excerpts: 

Is the recent market rally sustainable? Should one buy with a short-to-medium term view?

In the last one-month domestic equity markets have virtually reclaimed the levels, which were last seen around the