Ayaz Ebrahim of Amundi believes the European situation, the US fiscal cliff and issues in China continue to be a concern. He also does not expect a resolution for the fiscal cliff until January.
2012 has begun with a bang for Indian equities. FII's have pumped in a whopping USD 1 billion in just 14 trading sessions. CNBC-TV18's Kritika Saxena takes stock of what's worked in India's favour and what hurdles remain to be overcome.
Ayaz Ebrahim, CIO Asian equities ex-Japan of Amundi is getting more constructive on India now. He says, valuations in Asian markets are compelling. “If we are looking at a multi-year view, over the next two-three years, Asia still remains very positive. Valuations are definitely very much on the cheaper side,” adds.
In a world where developed economies have failed to sustain any kind of strong economic growth stories, emerging markets (EMs) have emerged as the new safe haven for many global investors.
Experts are maintaining a bearish outlook on Indian market as it is going signs of weakness. However, some feel that Indian markets have steam left to sustain long term bruises.