Indian Debt Markets have seen an outflow of nearly 5 billion USD in the past few months.  With QE signal from United States, market experts are expecting further outflows from Emerging Markets, including India.  Indian currency faced major decline in yesterday's trade, just a little short of Rs 60 for USD.  With lower GDP growth, higher current account deficit and slow reforms, Indian currency will surely face more pressure in weeks to come.

Sandeep Bhatia, Kotak Institutional Equities Executive Director feels that India should face more outflow of nearly 2-3 billion USD in coming month.  This could lead to further slide in Indian currency.  Additionally, he expects NSE Nifty to see 5200 level.  RBI has little options to control the slide of Indian currency.

Sandeep Bhatia further added that the GDP growth can only go above 6% if there is a good monsoon and government is able to manage some big projects cleared.  Additionally, with credit situation tight, one can not expectation much from expansion plans of Indian companies.

Investors should plan exit from select stocks if they are making good profit.  The long term view on Indian market is positive, but in short term, the market direction will be decided by the global factors.