Vote on Account 2014: Market valuations attractive; see limited downslide, says Raamdeo Agrawal

In a chat with ET Now, Raamdeo Agrawal, Motilal Oswal Financial Services, shares his views on the market. Excerpt:

ET Now: Do you think the trajectory now is headed higher?

Raamdeo Agrawal: Yes, the aggregate market broad numbers have a solid base with the earnings call we have seen and with the inflation broadly under control and currency very stable. In the Finance Minister's vote on account speech, the commitment was very strong towards maintaining fiscal discipline and inflation under control.

Also, we have a reasonable valuation and upcoming election looks promising. The upside could be anything but downside is very limited from here.