Short-term momentum-based PMS strategies were already disadvantaged due to their frequent churn, and the recent tax changes have only exacerbated this issue.
Brokerages remain bullish on select stocks despite near-term challenges. Motilal Oswal maintains a Buy on LG Electronics India citing strong demand, while Nuvama backs PG
Global markets show resilience but geopolitical conflict fuels uncertainty. Inflation risks persist, impacting central bank strategies. Investors are cautious, reducing exposure rather than increasing risk.
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