Amar Ambani, Head of Research, IIFL, said, “For the coming week, the government would release its Q2 current account balance, August trade balance and IIP data for the month of July. The dramatic fall in Indian equities recently, triggered by global sell-off, offers a significant buying opportunity for investors. The best part is that one needn’t go hunting for small gems. Many large ones are trading at attractive long-term valuations. Large caps offer reasonably high business visibility and their relative attractiveness has improved with midcap valuations catching up in last few months.”
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