European markets have been bleeding tough along with our market. In an interview with CNBC-TV18, Todd Martin of Societe Generale is optimistic about October. According to him, a complete collapse in global equity markets has already come and gone.
The big question right now is the USD 2 billion FII money which has come into our market over the last eight days. Can this continue at the current pace? According to Todd Martin, Asia Equity Strategist at Societe Generale, emerging markets (EMs), especially, India have been reborn again.
Most analysts feel that liberalization of the FDI policy will help boost the Indian economy to a greater extent. In an interview on CNBC-TV18, Todd Martin, Asia Equity Strategist at Societe Generale said that he is slightly overweight on India despite expensive valuations.