The market veteran believes digital businesses will lead the current pack of blue-chip heavyweights on the benchmark Nifty50 Index which, he says, will rise to 70,000-80,000 levels by 2033
The bulls have been fighting to stage a comeback on Dalal Street. Higher-for-longer interest rates, a strengthening US dollar, rampant selling by FIIs, the Israel-Hamas war, and tepid second quarter corporate earnings caused jitters in the market. Raamdeo Agrawal, chairman and co-founder, Motilal Oswal Financial Services, is not worried. He advises his clients to think long term and focus on the magic of compounding. This forms the core of his investing principles. An eternal optimist and a firm believer in the long-term growth potential of India, Agrawal says he is not unduly distracted by the global developments and is fully invested at all times.