http://www.business-standard.com/article/markets/sensex-down-800-pts-as-global-sell-off-accelerates-116021200070_1.html
Emerging-market (EM) funds are facing redemptions and India is still overweight among these funds. That is a negative. Valuations have become reasonable, but I don't think anybody has the confidence to buy because money is constantly flowing out of EM funds," said Sanjeev Prasad, co-head and senior executive director at Kotak Institutional Equities.
Emerging-market (EM) funds are facing redemptions and India is still overweight among these funds. That is a negative. Valuations have become reasonable, but I don't think anybody has the confidence to buy because money is constantly flowing out of EM funds," said Sanjeev Prasad, co-head and senior executive director at Kotak Institutional Equities.
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