Shares of some of India’s best companies – HDFC Bank, Infosys, Asian Paints, Bajaj Finance, HDFC Life and Hindalco – among a dozen stocks on the 50-stock Nifty have declined in the last two years as the NSE’s benchmark index returned over 28% during this period.
I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.
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