For global brokerage firm CLSA, low margin of safety and mean reversion are derating risks for Indian equities. “A simple valuation mean reversion anchored on bond yields indicates fears of 30% downside in the Nifty,” CLSA warned in its India market strategy report.
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Indian markets may consolidate on Tuesday following mixed global cues. The Sensex gained over 300 points with Nifty50 closing just below 18600 levels. India VIX