I don't think Sensex will go down to 24,000, but valuation of index stocks is very high.
Geopolitical tensions could make foreign investors sell more, nifty could further fall 150-200 points, say analysts.
The rupee could easily hit 60 against the US dollar. It is quite possible, says Mobius.
Parsvnath is known as a property developer in and around the outlying suburbs of Delhi-NCR.
The BSE has asked brokers to do the due diligence based on the auditor’s certificate.
India remains high on global market strategists' preference list among emerging markets.
Specific to India, valuations are no longer cheap, though earnings are keeping up a good rate of growth
The main foreign worries over the Indian market are the relatively high valuation levels and the still mediocre corporate investment growth.
“Long-term, most investors recognise the potential, but the price you pay for that potential has gone up”
The June figure was almost 40 per cent lower than the month before.
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