Nifty down 11% from peak but no real value in the market: Kotak Equities

  • Posted on January 13, 2025
  • By Business News Today
  • 1 Views
Nifty down 11% from peak but no real value in the market: Kotak Equities

The Nifty 50 index has fallen 11% from its peak, signaling a sharp correction in Indian equities. Despite the decline, Kotak Institutional Equities remains cautious, citing stretched valuations, limited earnings growth, and unfavorable global conditions. The brokerage predicts modest earnings growth and warns that mid-cap, small-cap, and narrative-driven stocks could face deeper corrections.
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