NSE’s Nifty fell 92.2 points, or 0.4%, to close at 22,460. It made an intraday high of 22,676. BSE’s Sensex declined 217 points or 0.3% to end at 74,115. Both the indices fell nearly 1% from the day’s high.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South