Indian equity markets present long?term opportunity despite near?term lag: Report

New Delhi, Aug 6 Indian equities have lagged global peers in the near term but could emerge as a compelling long?term investment case as foreign flows rotate back, a report said on Thursday. The report from Abakkus Investment Managers forecasted that India is expected to gain from AI trade reversal in the medium to long term. It added that foreign institutional investors who recently booked profits in South Korea may redeploy capital into India over the next six to 12 months in AI?led trade reversals. The firm said India’s underperformance is largely sentiment and valuation driven rather than a reflection…