The market currently is fairly valued, but equities will always be volatile in near term, says Prashant Jain, CIO of HDFC Mutual Fund, adding that one must invest into equities at any point the market corrects due to global reasons.
Mecklai graph of the day: The current account deficit of the Portugal, Italy, Ireland, Greece and Spain (PIIGS) which hit 9.5 percent in June 2008 has eased considerably on the back of surging exports with a corresponding slide in imports.
JPMorgan Chase & Co could lose up to USD 5 billion from its exposure to Portugal, Ireland, Italy, Greece and Spain, Chief Executive Jamie Dimon said in an interview with Class CNBC, carried in Italian newspaper Milano Finanza on Saturday.
Mecklai Graph of the Day - Bleeding PIIGS indices
Bharat Doshi, executive director and group chief financial officer of Mahindra & Mahindra tells CNBC-TV18 that it is the problems in Europe that cause more tension.