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Re: EZ2 post# 895

Tuesday, 06/06/2006 9:10:12 PM

Tuesday, June 06, 2006 9:10:12 PM

Post# of 1184
Re: kavi ~~ just a FYI! on general INDIA market

Thanks EZ. I have been following indian market closely too.
I think we are atleast 20% away from entry. SENSEX closed at 9800. I have been thinking about slowing getting when and if SENSEX touches 8000. I think with current valuation it is trading about forward P/E of 17. It is too much for a risky emerging market. I think, even after such a dramatic drop, INDIA still is the most expensive emerging market.

Kavi.

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