Current valuations not cheap: JM Morgan Stanley

Sanjay Shah, Joint Head & Managing Director of JM Morgan Stanley states that currently markets are attractive to foreign investors. He also sees an influx of clients coming back into the markets currently.
According to him, there are redemption pressures in emerging markets , but its not substantial. Foreign investors are more worried with volatility in Indian markets, he adds. He further says that this period is marked by nearly the end of pain in the market. The valuations are not cheap, but they not hugely overvalued either, he says.

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