Q: If you were owning stocks in India today, what would you do?
A: That depends, if all my money is in stocks in India, I would sell or bring down the position meaningfully. But if I have 5% of my global assets in Indian stocks, I would maybe keep them, depending of course which companies I own and how comfortable I feel with these companies. Though the question is how much money do you have in the market, but I think in general people around the world are underweight Indian equities because it’s a huge country, billion people and many international portfolios have zero exposure to India.
So, I think that in general if someone has no money in India, I would over a time stimulate Indian shares. As I mentioned to you I think the market technically doesn’t look good. We may go down first before we rally further, if at all, maybe we don’t even rally as I said maybe we are in a trading range in India between 13,000 and 19,000. But if I had too much exposure in Indian shares I would definitely reduce the position.
via http://www.moneycontrol.com
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