The Indian market’s high valuations have been supported by the price-agonistic buying behaviour of domestic non-institutional investors that remain extremely confident of making high returns at all price points.
The National Stock Exchange of India has recently reached an impressive market capitalisation nearing $47 billion. Shares began trading at ₹1,800, slightly above the issue
The US 10-year Treasury yield moved above 5.10%, while Brent crude remained above $102 a barrel, raising concerns over global liquidity, inflation and India’s import
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