Benchmark Nifty50 opened at a fresh record high for the fourth consecutive session on Monday, driven by gains in IT and financial stocks. This follows data showing that the countryβs economic growth outperformed major economies despite a slowdown.The BSE Sensex was up 240 points, or 0.30%, trading at 82,598, while the Nifty50 rose by 75…
READ MORE“We see the risk of an imminent 5-10% correction in the headline indices, with bigger drawdowns in small and midcap stocks. Nifty valuations are stretched at 21.4x 1YF PER, and a positive budget is now in the price. There are no additional positive catalysts, as we expect a tepid 1QFY25 earnings season with rate cuts…
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