'Today's stock prices better than six months back'

Though broader market indices continue to face significant declines, Rupesh Patel, Senior Fund Manager at Nippon Life India Asset Management, believes the market is yet to bottom out, as corrections have occurred only to a "certain extent". He also expects volatility to persist, primarily due to geopolitical factors. However, he remains optimistic about earnings growth and maintains that despite near-term volatility, India's medium- to long-term investment case remains "very much intact".