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.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest