INDIAN STOCK MARKET: IS IT TIME TO JUDGE THE VALUATION?

The Bull-run
One of the major factors behind the bull-run of 2007 was the USD 17 billion of foreign money that came into India which was mostly speculative money. Not long term capital that large pension funds invest with a 10 year and 20 year time frame. But quick, in-and-out money that hedge funds were happily [...]