‘Things get a lot worse before they start to get better. Over the next two years, there will be more pain’
A cocktail of bad news in the form of inflation, the Russia-Ukraine war, rising crude oil prices and US Federal Reserve rate hikes have lashed markets, globally. Mint asked a panel of experts whether this is a market for buyers or sellers. Here’s what Dalal Street mavens Shankar Sharma, vice-chairman and managing director (MD), First Global; Nilesh Shah, group president and MD, Kotak Mahindra Mutual Fund; Deepak Shenoy, founder and CEO, Capitalmind; Nikhil Kamath, co-founder, Zerodha; had to say about the selloff by foreign investors, opportunities in this market and the ways to make money. Edited excerpts.