Debt worries continue to remain for Adani Group: Mahantesh Sabarad

Indian markets may have already seen interest rates peak out, according to market expert Mahantesh Sabarad. Markets are also expected to overcome Monday's predicted hit of the US debt ceiling, which has occurred before, and global central bankers are predicting an end to rate hikes. The FMCG and auto indices are at an all-time high despite FMCG volumes having decreased — interest rate peaks do not necessarily have a negative effect on these sensitive sectors such as automobiles. Adani Group has posted good results, but its debt overhang has not been alleviated. The capital goods sector is expected to pick up, prompting larger cap names within this sector to be favoured.

Debt worries continue to remain for Adani Group: Mahantesh Sabarad
Indian markets may have already seen interest rates peak out, according to market expert Mahantesh Sabarad. Markets are also expected to overcome Monday's predicted hit of the US debt ceiling, which has occurred before, and global central bankers are predicting an end to rate hikes. The FMCG and auto indices are at an all-time high despite FMCG volumes having decreased — interest rate peaks do not necessarily have a negative effect on these sensitive sectors such as automobiles. Adani Group has posted good results, but its debt overhang has not been alleviated. The capital goods sector is expected to pick up, prompting larger cap names within this sector to be favoured.