The Indian stock market is almost 35% overvalued if not more than its global peers. No wonder the FPI”s have been on a selling spree. Value will emerge in the Nifty around 17000-17500 and correspondingly at around 53000-55000 on the Sensex. So your statement that India offers a less crowded and VALUE driven opportunity is rather controversial. Markets like the Shanghai Composite, Hang Seng, Taiwanese and the Kospi offer much better valuations .
The Indian stock market is almost 35% overvalued if not more than its global peers. No wonder the FPI”s have been on a selling spree. Value will emerge in the Nifty around 17000-17500 and correspondingly at around 53000-55000 on the Sensex. So your statement that India offers a less crowded and VALUE driven opportunity is rather controversial. Markets like the Shanghai Composite, Hang Seng, Taiwanese and the Kospi offer much better valuations .