Mark Mobius says despite BSE Sensex and Nifty 50 hitting record highs, Templeton has not cut its India holdings, and is particularly interested in small- and mid-cap stocks. Photo: BloombergMumbai: Mark Mobius, executive chairman of Templeton Emerging Markets Group, expects the National Stock Exchange’s Nifty index to double from the current level of around 10,000 points within the next three or four years. Lower interest rates in recent times have prompted local investors to invest in equities, shunning traditional investments such as bank deposits. “As interest rates come down, as the deposit rates come down, people will begin to look at other alternatives, other ways to make money. While the consumption story is seen ruling the Indian markets for now, Mobius believes infrastructure is likely to emerge as a bigger theme.

Source: Mint August 06, 2017 14:48 UTC