Between 2003 and 2007, markets went up 7 times and created distortions in the minds of the investors and fund managers in terms of expectations of growth and valuations. If one were to look at historic comparatives, then it would be preferable to further go back in time and look at what valuations were doing in relation to growth
CNBC-TV18's managing editor Udayan Mukherjee says there is a genuine chance of a rate cut, courtesy the RBI. This is something that money markets and the stock market have priced in.
Christopher Palmer of Gartmore Investment Management tells CNBC-TV18 that he sees a gradual improvement for the rest of the year, on the back of robust earnings numbers. "We still see emerging markets rising inline with earnings growth which this year should be safely above 15%," he adds.