In the high inflation-slow growth situation that India is stuck in, investor sentiment seems down in the dump. As a result, the market has been trading directionless with high volatility, churning the same shares in and out. With global cues too tilting on the negative side, US debt scenario and Eurozone crisis, experts are left boggled as to what direction the Indian equity market will take, especially since inflows too have slowed over the past month.
Devesh Kumar, head of equities at RBS India tells CNBC-TV18 that investors will gradually start differentiating between India and other markets.
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