Difficult to find value stocks in India at current levels: Ashburton

Jonathan Schiessl of Ashburton in an interview to CNBC-TV18 spoke about the geopolitical tensions and their impact on global markets and if corrections could be an opportunity to buy.

North Korea launched missile that flew over Japan. The Missile was launched near North Korean Capital of Pyongyang. Global markets sank after the news. According to him, if matters in North Korea accelerate then it could be potentially devastating.

With regards to the Indian market, he would wait for further downside before investing, he said. However, if there is global risk-off the market may come off and that could be a buying opportunity.

Currently, it is difficult to find value stocks in India aside of some cyclical stocks, he said.