India (IFN, IIF) Looking Overvalued In Comparison To Other Emerging Markets: Institutional Investors Notice

India is looking over-valued in comparison to other markets currently, according to India Stock Blog contributor Gerard Pascal. (See table below).

And it appears that institutional investors (India calls these Foreign Institutional Investors, or FIIs) are starting to notice this. Flows from FIIs to India have slowed down, according to data from Securities and Exchange Board of India (SEBI), India's regulatory body for markets. In the last 5 trading sessions, average daily flows from FIIs to Indian equity markets have been $7 million, compared to average daily flows of $33 million to India last week.

Index	P/E Ratio	Dividend Yield
China Shenz Composite	26.34	2.21
Nikkei 225	23.37	0.98
China Shang Composite	19.07	2.48
Hang Seng	23.67	2.16
Mumbai Sensex	16.46	1.65
Mumbai Nifty	13.74	1.87
Taiwan Taiex	13.02	3.81
Mexico Bolsa	12.44	1.61
Korea Composite	9	2.15
Kospi	8.4	2.18
Russian RTS	7.32	2.31