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Equity market running ahead of fundamentals, time to book profits: report
Indian equities have run well ahead of fundamentals and investors should book profits given the stretched valuations, says a Credit Suisse report. While we remain positive on strength in corporate earnings, we believe the overall market has run well ahead of fundamentals. Given the higher interest rate environment and weakening macroeconomic fundamentals ahead of the elections, we believe the equity market could see some de-rating in the near term, the report said.
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