In his two-decade career as an asset manager, Pankaj Murarka hasn’t shied from calling time on Indian stocks.
At the first signs of the financial crisis, he took cover when many others thought the country’s shares would be immune to any global turmoil. So when the benchmark stock gauge shed more than half its value in 2008, Murarka, by his own account, was one of the few investors who preserved his clients’ capital.
“The theory prevalent then was India was decoupled” from the g ..
