Driven by fears of coronavirus, markets in India have been falling sharply over the past 4-5 days. On 12th March, Indian markets were down 20% from their peak. As of the time of this writing they have rallied smartly from another 9% correction. However at 9,985 on the Nifty, they are a hefty 16% lower than their all time high. In an interview with Mint on 12th March, Taher Badshah, CIO equities, Invesco Mutual Fund said that market valuations were 20% below their long term average after having trade at a 20% premium for several years. In other words, a relatively good time to buy.
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