Kotak Institutional Equities remains cautious on Indian market
Tue, Oct 22, 2024 2:11 PM

Kotak Institutional Equities remains cautious on Indian market

A Flip by Shubhangi Gupta
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Indian markets experienced a significant reversal in October, with foreign portfolio investors pulling out a record ₹82,479 crore from Indian equities, amid warnings of unsustainable valuations and a potential correction. Despite a 4% decline in Nifty 50 and Sensex, domestic brokerage firm Kotak Institutional Equities maintains that current valuations remain unattractive.

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