Ajit Dayal, Founder, Quantum Advisors, is of the belief that stock market returns will be better in the developed countries as opposed to the developing world. Edited excerpts from his interview with ET Now:
On the current market situation
People who say that the markets look forward are absolutely right. But the markets reward the winners. The stock market has gone up because it is a gauge of winners. If you have a bad company on the index, what will the index do?
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