ETMarkets PMS Talk: Indian equities fairly valued but need earnings boost, says Sanjay Chawla

Sanjay Chawla of Baroda BNP Paribas Mutual Fund believes Indian markets are fairly valued. Earnings growth is crucial to justify current valuations. He downplays the impact of US tariffs on Indian exports. Retail investors show resilience amid foreign portfolio outflows. Consumption and healthcare sectors offer potential. Geopolitical and macroeconomic uncertainties persist. Festive demand may improve earnings in coming quarters.