HomeNewsBusinessMutual FundsUnderweight on India due to high valuations: Prudential AMC

Underweight on India due to high valuations: Prudential AMC

Nicholas Ferres, investment director at Prudential AMC, tells CNBC-TV18 that markets across the world are likely to remain unstable in October. Ferres is underweight on India as he feels that the valuation is high.

October 05, 2011 / 12:03 IST
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Domestic market has witnessed a bounce back on the third day of the week, following a 1.5-3% rally in US markets. Experts, however, believe that this is not the right time to invest in the Indian market as the market is still volatile and valuations are not quite cheap.

Nicholas Ferres, investment director at Prudential AMC, tells CNBC-TV18 that markets across the world are likely to remain unstable in October.
first published: Oct 5, 2011 11:14 am

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