New Delhi, Feb. 19 -- Retail investors buying regardless of price levels and mutual funds buying due to continued investor inflows are keeping India's market valuations high, Sanjeev Prasad of Kotak Institutional Equities said, adding India's slow growth and high valuations are key concerns for foreign portfolio investors.

"How quickly a valuation reset happens depends on how domestic investors, both institutional and non-institutional, react in terms of aligning quickly to the right levels of value for respective sectors and stocks. This will result in a faster correction. If they don't align, then we have a situation where FPIs will keep selling and domestic investors will keep buying," said Prasad, managing director and co-head of Kot...