Raamdeo Agrawal of Motilal Oswal Group notes significant growth in capital markets. QIP and IPO activities are booming. The AMC sector is expanding rapidly. AUM has grown substantially. While AUM-based businesses flourish, broking remains subdued. He expresses concern over richly valued markets needing earnings support. He anticipates economic pickup in the second half of the year with easing credit flow.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets