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Emerging markets are witnessing heavy selling, India is no exception, says Gini Gems Consultants

Emerging markets are witnessing heavy selling due to US-China trade war problem and India is just not an exception, said Mehraboon J Irani, MD & CEO at Gini Gems Consultants.
We need to understand that US is tightening its grip, the US dollar is at its peak and there are concerns over oil price, said Irani.
India is facing problems related to currency, oil and the on going US-China trade war is causing more and more nervousness, he added.
According to Irani, investors are trying to deleverage their positions.
“They are selling off shares and this is leading to another problem which not many of us concentrate on and I believe it is called impact cost," he said. "When you try to sell a share in a market where the sentiment has become very sour and dirty, it is very difficult to sell shares and that brings down share prices further.”
"I don't think that it is the end of the fall of the market," he said, adding that the rhetoric between China and US is going to continue to keep sentiment in check apart from the problem of currency and the oil prices as far as India is concerned.
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