Foreign investors see Indian equities as defensive bets

BSE’s 30-share Sensex trades at 17.42 times one-year forward earnings. In comparison, the MSCI EM Index trades at 13.49 times one-year forward earnings, according to data from Bloomberg. Photo: HT Mumbai: Indian equities are now being categorized as defensive bets, thanks to their ability to be resilient in tough times, but the gush of flows […]