Mumbai: Indian stocks have managed to withstand the selloff by global investors in emerging markets triggered by China s regulatory crackdown on some of its biggest companies in technology and education. While domestic equities are being touted as one of the beneficiaries of the market upheaval in China over the long-term, money managers and strategists said they are not in a hurry to lap up stocks here as valuations remain rich and uncertainty around the spread of the virus is yet to recede.
Since July 1, MSCI India is up 1%, while MSCI Emerging Market index is down 7%. The MSCI China index is down 13.8% in this period. China has the highest weightage in the emerging market equity basket.
PMS strategies: Mid & smallcap-focused minnows beat their larger peers in June
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PMS strategies: Mid & smallcap-focused PMS strategies beat their larger peers in June
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.