Beat The Street With Mahesh Nandurkar, Jefferies

Speaking to ET NOW, Mahesh Nandurkar, Head of Research & MD, Jefferies says we may see some earning cuts. He believes the recent volatility was driven by energy prices and India is still trading above historical averages. He thinks that Fed action has not yet been priced in. He says FIIs are selling India as the market is looking very expensive as compared to EMs. The liquidity offered by domestic investors offsetting the FII selling and markets have held up because of the liquidity of domestic investors, he adds. He is certain that the impact of election results is not long-lasting on markets. Watch the full interview to find out more only on ET NOW.

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Naive retail investors are giving a comfortable exit to FII's