BS Fund Cafe: 'The linkage of markets with elections is very weak'

Leading money managers say broad market valuations are looking better after the correction and they are bullish on export businesses and corporate banks

Six of India’s leading money managers say broad market valuations are looking better after the correction and they are bullish on export businesses, corporate banks and select capital goods companies

Are markets expensive at current valuations?

Mahesh Patil: If you look at the valuations on a trailing basis, the markets are expensive. But, you need to keep in mind that the index composition has changed in the past 10 years. The percentage of non-cyclical sectors has gone up from 40 per cent to around 60 per cent — these sectors have higher price-earnings (P/E) multiples. 

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