Mumbai, Nov. 8 -- India's macroeconomic fundamentals remain strong, with economic growth of over 7 per cent expected to support equity markets in the new Samvat year, said Kamlesh Shroff, National President of the Association of NSE Members of India (ANMI).

Speaking to ANI at the NSE on the occasion of Muhurat trading and Deepawali, Shroff highlighted that cooling crude oil prices and improving global conditions would provide a strong tailwind for domestic corporate growth compared to the previous Samvat year.

"Our overall growth story remains intact at a 7%+ rate, so from that perspective, I think markets will do well," Shroff said, identifying lower crude oil prices as a key positive driver for Indian equities.

He said a decline in c...