Even though most of Asian funds are overweight on India, the view isn't anything that the markets should be worried about, according to Susmit Patodia, Head of Sales, Institutional Equities, Motilal Oswal Financial Services. Emerging markets flows have been strong over the past few weeks, he told CNBC-TV18.
In an interview with CNBC-TV18, Gubbi outlined his views on the current market scenario and said that there have been pockets of growth and recovery in the Indian market and also pockets of disappointment, hence the market is fairly balanced at present.
Investors should look for an exit from the IT stocks, says Dipan Mehta, Member, BSE NSE. Growth in this sector has become flat and costs continue to keep rising. There is also no volume growth to these companies.