Indian equities may be facing the risk of a structural de-rating, rather than a short-term correction, according to a report by Kotak Institutional Equities.

Indian equities may be facing the risk of a structural de-rating, rather than a short-term correction, according to a report by Kotak Institutional Equities. The report said the recent correction and sustained underperformance of Indian stock markets could reflect the beginning of a more permanent reset in valuation multiples.