Speaking at BS Manthan, Wood said he remains structurally bullish on Indian equities from a long-term perspective; but cautious in the short-term given the quantum of FII outflows and valuation woes.
Stock Market Live, Thursday: BSE MidCap was down over 1%, while the SmallCap shed 2%. Shares of wires & cables took a sharp hit today.
Of the 26 recently-listed IPOs, as many as 21 stocks were trading below their respective issue price on the BSE in Thursday's intra-day trade.