Are Indian markets ready to face global storm?

NEW DELHI: At a time when most of the other Asian markets are reeling under pressure, the Indian markets have been able to hold steady, rebuffing concerns over the US Fed commentary overnight, slowdown in China and the Ukraine crisis.


The Asian markets, including India, came under pressure on Thursday as investors resorted to take some profits off the table after the recent rally. The profit booking was fuelled by comments made by Federal Reserve Chair Janet Yellen, which raised the possibility of an earlier-than-anticipated increase in interest rates.


So at a time when most Asian markets are facing pressure, the Indian markets have been able to attract over $1 billion in the last 10-15 days. What is making the Indian markets so resilient?