Though Indian market is following its global peers and on a losing spree, experts still consider it to be a safe haven. Most experts feel that valuation of Indian market is still attractive.
In an interview to CNBC-TV18, Nandan Chakraborty, Head, Research at Enam Securities said that valuations is attractive now on fundamental basis. He too believes that the current situation is not at all like 2008. However, Chakraborty quickly warns that there is likely to be more pain in the immediate term.
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