Analysis of macros should aid, not override bottom-up stock selection: Anshul Saigal

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The Nifty 50 declined by 2% CAGR between October 1, 2010, and September 30, 2013. In US dollar terms, Nifty 50 underperformed other markets too. The benchmark index declined by 34% in dollar terms, S&P 500 was up 47%, and the MSCI World index was up 30% during this period.

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