There will be more bad news as the global equity markets is under pressure.Experts said on Wednesday that higher valuations are been traded in India when compared to other markets. But that valuations have some downside because of these higher valuations. The Asian markets fell by 1% to 3% and the sen sex closed at 18070 for the day.
On Wednesday night the Major European indexes were down by 2% said the report. The market rise have been selling to the domestic investors in spite of the market down. The market has just started recovery and is expected to sustain itself as FII flows.
A the recovery of US is not robust so until will take time for the market to get back. The yen has been strengthening against the dollar and will be closed in 15 year high. The carry trade positions are under fear s further pressure is put on the markets.Further the global weakness show the equities will be reduced downsides feel experts.