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.
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