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In sync with other emerging markets

Business Standard/ 20 Aug 12 | 12:47 AM

Despite several headwinds on the domestic front, India’s equity return correlations with the rest of the world is near record highs, according to Morgan Stanley. Our market remains hinged to global outcomes more than ever before. High correlation with the global emerging markets means, as far as performance of the Indian market is concered, global outcomes are more crucial than the local ones, says the brokerage(Click on graphic)

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