Global investors would try to pull out from equity markets: Seshadri Bharatan, MD & CEO, KSEMA Fincon Ltd

Seshadri Bharatan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about the market outlook.

The broader market outlook doesn’t seem to be too pretty at least this afternoon, isn’t it?

Yeah, the event of RNRL-RIL case is behind us. Now I think it’s more to do with the global markets. We saw yesterday a sharp correction happening in the US. Markets tanked around 9% to 10% before recovering back to 3% down.

So the sense that we are getting is that FIIs had been relentlessly selling in Indian markets. Every day we see a negative sell figure for FIIs in India. Also we are seeing global market situation is not improving any further. European crisis is deepening day by day. So I think the global investors would get risk averse and would try to pull out money from equity markets.