A monitor shows stocks rallying while a trader talks on a phone on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

Indian Equities: Buoyant On Fund Flows, Tempered By Valuations

A lot has been said and written about the possibility of political stability leading to a significant rise in foreign flows and thereby a rise in the markets to near all-time high levels. In fact, ...