India at greater risk than other emerging markets: Naissance Cap

What are hedge funds doing at this point in time with their portfolio? James Breiding, MD of Naissance Capital, said since banks have been hit very hard, he will look to buy them. He sees a long term story for commodities and suggests that they could be bought for the long term. It is on the cards to have a further correction of up to 15-20 per cent from here, he added. Excerpts from CNBC-TV18's exclusive interview with James Breiding: How are you approaching the Indian market right now against the other emerging market pack and what do you make of this oversold zone that we are trading in right now? Story