‘With more than 5% move in Nov, Nifty index looks to be 13% overvalued’
New Delhi, Dec 1 (IANS) The Nifty-50 index was up 5.6 per cent in November. A report by Kotak Institutional Equities said that "as per our 'Nifty fair value' model that accounts for changes in index valuation by looking at expected growth, bond yields, profitability and VIX, the index is now 13 per cent overvalued, compared to 8 per cent at the end…
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