A bronze bull statue stands at the entrance to the Bombay Stock Exchange. (Photographer: Dhiraj Singh/Bloomberg)
Valuation concerns and fund withdrawals by overseas investors have pulled back India's equity benchmarks from October highs. Veteran investor Ramesh Damani does not see that as a sign of worry.He is “full-blown in the bullish camp despite some skepticism because of this current fall of 10%". The more than 1,000-point decline from the highest level is not something out of the ordinary, he said.