A stable rupee, and the consistent outperformance of Indian equities over other markets are among the key reasons drawing NRIs to India’s stock market.
Manish Sonthalia says the market fall had been overdue as some segments of the market were frothy in the broader markets and that led to a correction of sorts . But in general, markets are not very expensive. Sonthalia highlights reasonable market valuations and the significance of investment themes and order books for future growth. Anticipates gradual earnings realization for slightly higher valuations.
While the government has been unstinting, particularly on public infrastructure, most observers say the private sector has been lagging, weighed down by unlisted companies