Equity benchmarks as well as broader markets continued to reel under pressure with the Nifty struggling below 8550 level, tracking weakness in global peers on uncertainty over US elections. 10:00
Alexander Redman of Credit Suisse says emerging market investors continue to meaningfully reduce their exposure to India. The asset weighted average GEM fund moved from a 76 percent above benchmark stance on India to 67 percent overweight, on the month.
He further says emerging market earnings revisions at an aggregate level are struggling to break into positive territory for the first time since early 2011 even as countries accounting for 60 percent of the MSCI EM benchmark on a free-float adjusted basis now have positive or neutral revisions.
