Macquarie Analyst Cautious On Broader Market As Growth Levels Missing

Aditya Suresh, Managing Director, Head of Equity Research - India, Macquarie Capital, said a cautious approach is advised for the broader market. As foreign flows are absent, domestic players are providing support. However, revenue growth for the broader universe is at a low of 4-5%, indicating a lack of significant growth. Therefore, it is advisable to adopt a risk-averse position.