Over the last 12-18 months, given the sideways trajectory of the benchmark indices, India’s absolute as well as relative (to other emerging markets) valuations have come off. This, in our view, should provide some stability to the markets.
Rajesh Palviya of Axis Securities suggests Nifty may consolidate between 24,800 and 25,000. Bank Nifty might range from 54,900 to 55,500. Chennai Petro and Coal
Vikas Khemani of Carnelian Asset Management remains optimistic about Indian markets, citing a strong domestic growth story and the resolution of major global uncertainties. While
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