Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
It is the fundamentals of companies that will drive stock performance.
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
A fall presents an opportunity to buy rate-sensitive stocks.
Analysts say there is still no visibility of earnings improvement.
Most Asian markets were trading weak on Monday.
Gold is often considered a 'hedge' against an economic uncertainty.
'For investors who are willing to remain invested for two - three years, there exist quite a few good opportunities.'
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
Top 10 debtor countries owe 86% of total IMF loans
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
As regards India, market valuations already reflect most positives.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Chances of a sudden collapse in the Shanghai Composite are remote.
Valuation-wise, the markets look more attractive now
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
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