Bharat Iyer of JP Morgan says that FIIs are overweight on Indian equities by 390 bps versus the benchmark (MSCI EM) – near historic highs. The positioning is reflective of the renewed faith in the growth potential, but also poses risks in the event of any significant global risk aversion. He also says, most indicators of equity market sentiment suggest near-term consolidation.
Watch video for more.
Discover 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!
