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R&D, manufacturing the biggest growth market is India: Punita Kumar Sinha
"Just looking at the macro situation and also, when I talk to most of the companies, I am on boards of and other companies, everybody is really looking to India as a source of growth. So whether it's R&D, whether it's manufacturing, the biggest growth market is India. And so everybody's focused on it. So that is going to keep the economy pretty stable from falling off the cliff. Because there is this inherent demand, again, from our 1.4 billion people, and also from all the global companies that are wanting to look at India," says Punita Kumar Sinha, Managing Partner, Founder at Pacific Paradigm Advisors. "Now, of course, valuations in India are at a high, as you said the markets outperformed. So I suspect when the growth begins to come back into the other economies, then maybe we will see people shift out of India to some of the other emerging markets."
Nifty and Sensex ends near flatline
-- Oil marketing companies gain on crude slide, BPCL, HPCL up 3-5 percent
-- Aviation stocks rise on increased demand & crude fall, Indigo up three percent
-- PNB rises another three percent today on positive brokerage note
-- Select it stocks like TCS, Persistent, Birlasoft recover from opening lows
-- Dalmia Bharat surges over three percent on acqusition of JP Assoc Assets for nearly Rs 6,000 crore
-- Kirloskar Brothers surges six percent as shrhldrs reject independent auditor probe
-- JP Assoc gains 10 percent & JP Power up 11 percent on asset divestment
-- Market breadth neutral, advance-decline ratio at 1:1
Kind of undervaluation that we have seen in the recent past is no longer there: Rajesh Baheti
“If you are invested stay invested, maybe 10-15 percent more, for the fact that in a relative sense they are still undervalued. But the kind of undervaluation that we have seen in the recent past is no longer there," says Rajesh Baheti, Director, ANMI. "So anytime you have a little bit of discomfort in the BFSI space, PSU banks will be the first to undertake that hit. So you got to keep that in mind that the PSU space can be volatile and if things go south then they are first one to take the brunt."