US and India correlation broken -- S&P 500 sinks 19%, Nifty & Sensex up 2%
In dollar terms, however, India is down 7% YTD vs 19% for the US.
In dollar terms, however, India is down 7% YTD vs 19% for the US.
India is an inefficient market where price and value diverge a lot as fewer institutional eyes are monitoring the Indian markets.
Seasoned investment banker Aisha de Sequeira says interest in India-listed companies will increase considerably if rules in the country are consistent with those in global markets.