In an interview to CNBC-TV18, KR Bharat, MD of Advent Advisors said, today there is an acknowledgement that there is a problem in the US and a bigger problem in the Europe. "I think that in itself is a huge change. Six months ago people were refusing to admit there was a problem," he added.
According to him, the market will improve first before the next level of pain comes in. He further said, this is perhaps not the time to be betting on equities across the globe, including emerging markets. "Year 2011 is not the year of equities. Equities are aDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
