However, with this near term underperformance, some of the premium valuations of India over emerging markets have come off from the highs seen last year. Absolute valuations too, have corrected and are now closer to the long-term averages.
US stock: S&P 500 ends lower as investors weigh data, Middle East tensions
The S&P 500’s streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied