Global Investors Pumping money in the Indian market have forgiven 7 deadly sins of this government - (a) Government inaction, (b) inflows, (c) currency, (d) inflation, (e) interest rates, (f) corporate earnings and (g) valuations, stand out as the 7 Sins committed by the Indian markets, eroding 25% value in the last one year. While almost ALL these variables offer extreme discomfort at this point of time and the fatigue among investors is of the highest order, we believe there are pockets of comfort emerging. While for some of the variables the change or reversal is evident (currency, inflation, interest rates!), for the others we'd like to take a subjective call based on the initial positive signs…And so we suggest ‘Saat Khoon Maaf’!
