FII Selling In Indian Equities To Persist As Valuations Expensive: Kotak Equities

Selling by foreign institutional investors in Indian equities will continue in the near-term, as they still find valuations expensive, said Kotak Institutional Equities Chief Executive Officer and Co-Head Pratik Gupta.While FII selling may continue in the near-term, foreign investors structurally find value in Indian stocks in the medium-term, according to the brokerage.This has come on the back of lower earnings expectations, amid a...