Chakri Lokapriya, Fund Manager, BRIC and Indian Equities, BNP Paribas Asset Mgmt said that Indian valuations are more attractive than those of China. Indian companies are also having higher ROE than China. US is a big trade partner for India and some coupling is expected during weakness.
He further said that BRIC fund has India overweight versus the index. The overweight position has been increased recenlty. He is positve on Banking and Industrials in India. About the markets, he said that markets are looking strong on liquidity flows and valuations and is likly to see the momentum continue going forward. Though the valuations for IT companies have come down, they are beginning to look attractive. Need more clarity in dollar before seeing more interest in IT, he finally said.
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