The two-engine problem: How valuation and earnings are pulling markets apart
For the markets, June ended on an unmistakably optimistic note. With the Nifty just about 2% shy of its all-time high, chartists were quick to anticipate an imminent breakout. But now, well into July, in hindsight the market seemed to have played a clever trickβ charming chartists with a breakout in the final days of…
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