A cashier counts Indian rupee banknotes. (Photographer: Dhiraj Singh/Bloomberg)  

PPFAS Mutual Fund’s Rajeev Thakker Advises Investors To Trade With Caution

Investors should trade with caution amid a pause in the record rally in Indian equites, advises Rajeev Thakker, chief investment officer at PPFAS Mutual Fund.

Stock valuations are “frothy”, especially for the non-banking financial companies, Thakker told BloombergQuint in an interaction.

Indian stocks fell, with the benchmark equity gauge clocking its longest string of losses in more than three months, amid a sustained weakness in the local currency, which may burden economic growth. The S&P BSE Sensex retreated 0.4 percent to 38,157.92, its fifth session of losses from a record high on Aug. 29.

Watch the full interaction here: