One quarter down, India may get into a buy zone territory: Vinay Jaising

India’s equities market has seen a 15-18% devaluation and a froth which had put its valuation at 110% higher than MSCI EM, and 50-60% more than MSCI World, has come down proportionately. A lot of this correction has already happened and in the second half of the year stability and inflows are expected. The one-quarter future will be in buy-zone territory. Banks are de-levered, making them a good investment play given the high interest rate environment.