POLL-India funds wary of valuations, see stx up in 3 mths

Newswire

By Nishant Kumar MUMBAI, July 30 (Reuters) - Indian money managers may not raise their stock exposure significantly on valuation concerns but see the benchmark index rising in the next three months given ample global liquidity, a Reuters poll shows. Six out of the seven fund houses who responded to the Reuters Asset Allocation Poll [ID:nBOM531308] conducted between July 22 and July 30 said they plan to either retain or cut equity stakes. Three of them said Indian shares were overvalued ...

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