
1 month, 2 weeks ago
Despite 10% correction, valuation and tariff concerns weigh on Indian market
New Indian ExpressIndia’s stock market continues to reel under pressure despite a repo rate cut by the Reserve Bank of India for the first time in 5 years and optimism surrounding the Union Budget. Market experts feel that concerns related to a possible tariff hike by the US has overshadowed the positivities. The street has also turned its focus on the valuation of the Indian market after valuation expert Aswath Damodaran in his latest blog wrote that the Indian stock market is the most expensive globally, even more than the US and China, and that no amount of optimism about India's growth story can justify its steep valuations. Falling for the fourth straight session, the local benchmark indices – BSE Sensex and NSE Nifty – shed about 0.70% each on Monday.
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History of this topic

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