From an overall context, most foreign investment institutions are still overweight India and are still positive on India, and all the domestic cues clearly are indicating that India is clearly on a much, much more stable path than we have ever been for a very long time.
Yes, we have. We have been selectively buying into the market because we do see that there is an opportunity. A lot of the valuations have corrected to levels which are good.
If you look at the broad market, the market valuations have come below their decadal average or close to their decadal average. So, there are opportunities we think in this market to buy, and we have been selectively buying into this market.
Let us look at where we are overweight, and where we continue to buy. The first space that we are overweight and we continue to buy into is the cyclicals. We do believe that the investment cycle has taken off and there is enough evidence to suggest that the investment cycle has taken off and the cyclicals will sort of benefit.
Yes, and we have been telling a lot of our #insurance retail customers that they should not get worried about the 7-8% corrections that you see in markets. This is part of a correction that you will see in bull runs and if you look at the overall numbers, we have seen $1.5 billion worth of selling in the Indian markets especially, from the FIIs.