"We have not yet added to positions in India portfolio. The market has shifted around a little bit. We do not have that many Indian stocks. What we have, we tend to be in longer term, larger cap type names. We have not really played the midcap or smaller cap side. We just focus on a relatively small number of very liquid largecap names, which has served us quite well over time."
India Business News: Goldman Sachs is advising a cautious approach towards Indian equities in the short term due to global headwinds and expensive stock valuations. The up
Morgan Stanley has reduced its rating on Chinese stocks to equal weight, saying investors should capitalise on a rally spurred by government stimulus pledges to take profits, Bloomberg reported.
Raamdeo Agrawal said one should have patience. The guys who have the highest patience will generate the highest alpha, given that they are riding the right horse, the market veteran said.
India's consumer technology stocks are on a tear this year, handsomely beating their larger rivals in China and widening the divergence between two of the world's largest equity markets.