Robert Parker, Senior Advisor at Credit Suisse is of the belief that the recent volatility and sell offs seen in global market is not a bear market but just an unpleasant correction.
The valuation gap between MSCI World Index - which tracks 23 developed markets and MSCI Emerging Markets is now at its widest point since before the global financial crisis.
Since regulators first started supporting the market on June 27—in the form of a surprise interest rate cute by the People's Bank of China—Shenzhen and Shanghai shares have tumbled 18 and 15 percent respectively.
Currency and bond markets took a more cautious stance, driven by expectations that negotiators could still "pull a rabbit out of the hat" - as one strategist put it - before a Tuesday deadline when Athens has to repay 1.6 billion euros (USD 1.8 billion) to the International Monetary Fund.
ANZ research expects MSCI to include China A shares by 2016, only after outstanding market accessibility issues are resolved, Irene Cheung of ANZ Research told CNBC-TV18.
India and China are the two economies with the highest real short rates and therefore possessing the greatest room for policy easing, says Sakthi Siva, Credit Suisse.
Laurence Balanco of CLSA says after underperforming the MSCI World since early September, the MSCI emerging market is attempting to form a double bottom pattern in relative terms. He also says MSCI India on an average has delivered 8 percent returns in December to February period historically.
MSCI Index gives high weightage to investible surplus and float, says Deborah Yang, Head of Index Business, EMEA & India Region, MSCI.
Yet the losses were modest with MSCI's index of Asia-Pacific shares outside Japan off just 0.2 percent. Shares in Australia lost a tenth of a percent while Japan's Nikkei eased 0.3 percent.