Markets to face tough times, invest in reasonable valuations: Shah

Kotak Mahindra AMC MD Nilesh Shah said the Indian stock market will face tough times in the near term but "the longer-term story remains intact". Advising investors, he said, "Invest in reasonable valuation...and consider investment in high floating stock market discovered prices." His remarks come as benchmark indices Sensex and Nifty fell over 2% on Thursday.