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Cautious on India, valuations are high: Nomura

In an interview with CNBC-TV18, Ian Scott, Chief Global and European Strategist, Nomura says, the recent rally in emerging markets (EMs) globally is primarily a reaction to the sharp underperformance that they saw earlier in the year. “I think the fundamentals in EMs remain somewhat uncertain. I think it’s too soon to be upgrading EMs,” he adds.

first published: Apr 7, 2011 09:12 am

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