'Buy' calls are slowly vanishing from India’s booming stock market
Wednesday, 25 September 2024
In India's $5 trillion equity market, analysts face difficulties recommending stocks, with only 61 out of the NSE Nifty 200 index receiving a consensus 'buy' rating. High valuations and a dimmer outlook for corporate earnings have led to an increase in 'hold' recommendations, reflecting a cautious stance among analysts. Indian stocks have been hitting successive records in 2024.
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