For Ashi Anand, Founder and CEO of IME Capital, one variable towers above all others in determining where Indian markets go from here: whether ships start moving through the Strait of Hormuz again.
Speaking to ET Now, Anand said his firm is maintaining a defensive market position until there is meaningful resolution to the US-Iran crisis. "Even if there is no long-term deal signed, as long as there is some temporary deal that allows ships to start moving again, that is what we need," he said. Without it, he warned, oil prices will continue inflicting serious damage on the broader economy.
