Sensex, Nifty at record high: Watch out for these 3 sectors now

We do not believe that the Indian equity market is overvalued; on the other hand, we believe it is justified. Only in India have listed companies’ net profits more than doubled since pre-covid levels. Despite the Russia-Ukraine crisis, higher interest rates, and inflation, India Inc.’s profitability has increased by 10% in the first half of 2023 versus the first half of 2022.

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