High Valuation, but No Euphoria
The market has powered its way to all-time highs and shows no sign of stopping. A second rate hike from the Reserve Bank of India (RBI) could dampen the bulls spirit only for a day. The market bounced back forcefully the very next day. The bulls simply couldn’t care less about oil price, interest rates and fiscal deficit. One of the reasons for this is better corporate results. Companies in...
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