Q4 GDP numbers will further weaken the already weak sentiments: Shashank Khade, Kotak Securities

In an interview with Shashank Khade, Executive Vice President-Portfolio Management Services, Kotak Securities shares his views about the Q4 GDP data.

ET Now: What are your thoughts on the Q4 GDP data? Do you think sub-6% figure for the 4th quarter is going to actually scare the daylights out of equities as well as people on the street?

Shashank Khade: The sentiments are already weak and these numbers will further weaken the case. But if you look at the equity markets ahead of these announcement, then the earnings of companies also indicate that there is a deceleration in certain pockets of the economy.

So, all of this is actually getting factored into the markets. But on a particular day, if the sentiments are bruised then you could possibly not see too much upward move, if the numbers are weaker than what is expected.

So, there could be some sort of sentimental impact but that will be temporary. Frankly speaking, the earnings clearly discount these decelerations ahead of time. So, we would be discounting the deceleration much ahead as compared to the actual numbers when they come out.