The revision could bring anywhere between $3 and $7 billion of capital flows in Indian equity market over a period of time, says MD, Kotak AMC.
Tell us what the secret is. Are markets able to foresee some great news in the future or are they simply divorced from reality?
In the short term, it is always difficult to predict how markets will behave. It could be driven by flows or by optimism about the future or even by technical factors like short covering. But in my assessment right now, market is looking forward to rebalancing by two indices; both MSCI and FTSE is likely to revise India’s weightage upwards in their benchmark indices and that is going to bring anywhere between $3 and $7 billion of capital flows in Indian equity market over a period of time.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
Read More