Roughly 42 per cent of the Nifty weightage comes from the BFSI space which is largely banking companies

 


Roughly 42 per cent of the Nifty weightage comes from the BFSI space which is largely banking companies

 This sector has done well and is leading the indices from the front. If one were to analyse the markets, valuations have begun to become a tad expensive but not as expensive to warrant a liquidation of stocks.


The present global scenario where interest rates continue to rule at elevated levels is a major cause of concern. Inflation which has been dominating discussions in leading economies seems to be tapering off and the reduction in the same would be a big relief going forward.


Markets in India and many parts of the global economy seem to be on a sustained upswing. The US Federal Reserve raised interest rates by 25 basis points earlier this week to a band of 5.25-5.50 per cent which is the highest since 2001.


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