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Expensive valuations have slowed down exuberant investors as they gear their portfolios towards the upcoming Q3 earnings season which begins next week with TCS and Infosys leading the show on January 11
Analysts had predicted a breather for the market as the sharp rally in the previous month had pushed the benchmarks into an overbought zone.
Nestle India, Adani Enterprises, Adani Ports, Tech Mahindra and Wipro were among the top gainers on the Nifty, while losers included Eicher Motors, Bharti Airtel, MM, Bajaj Auto and HDFC Bank
Returns in 2024 will depend on the tussle between fundamentals and sentiment. In an entirely ‘fundamental’ market, returns will likely be modest for the market and negative for many stocks, said Kotak Institutional Equities
Returns in 2024 will depend on the tussle between fundamentals and sentiment. In an entirely ‘fundamental’ market, returns will likely be modest for the market and negative for many stocks, said Kotak Institutional Equities