wait and see how US market react..Our market has done very well as compared to other markets which are down 6-7 %
Suppose one has a portfolio of 1000 Tata Motors,2000 ICICI,1000 ITC,2000 Sun Pharma and 500 Unitech.
Now when a storm hits the market, he rushes to safeguard his portfolio. Will he even bother to sell Unitech at the first go ? He would rather try to exit his large value investments first and if things continue to remain bad, he will also exit Unitech one day.
No matter whatever we think, India's share in FPI is still small in the global scenario. And out of the total FPI, a substantial portion is Indian money re-routed through tax havens.
If the global scenario turns uglier from hereon, we can't remain insulated and it will be a matter of time we catch up with the other markets.