See great valuations in Indian markets currently: Arindam Ghosh, BlackRidge Capital Advisors

In a chat with ET Now, Arindam Ghosh, CEO of BlackRidge Capital Advisors, shares his views on the market. Excerpts:

ET Now: In the near term though, does it seem like there are any indications of the market getting overheated? Does it seem like the rally could pause - not because of us, but because of the global developments at play right now?

Arindam Ghosh: India has a strong chance of getting de-coupled and the probability of that getting pronounced is going to be incrementally high, because of both domestic and global factors at play.

I can point out three domestic factors at this point. One is inflation, which is coming off at a trajectory much sharper than what it was originally estimated to be. Secondly, we are closer than earlier to turn in the monetary cycle. Lastly, growth is definitely showing steady signs of pickup.

Add to this the windfall of the global factor in terms of international crude prices, and India looks to be the second best market after US.

Hence, irrespective of what happens globally, we really do not anticipate any over-the-cliff kind of a situation. Nevertheless, even in an environment where growth has actually been slowing down, we have the Eurozone which is faltering and we have emerging markets which is battling a slowdown in growth and monetary tightening.

On the other hand, you have India, which is actually in a very sweet spot. India will keep on getting more than proportionate share of the allocation when it comes to global and regional allocations. Barring any geopolitical escalation - which is always a possibility - we feel that India, over the long term, definitely looks to be on the up.