A stock bull expects Nifty at 12,300 by June but NBFC crisis tests his faith
Gautam Chhaochharia of UBS group expects the Nifty 50 stock index to climb about 10% to 12,300 by June on the premise that reforms including tax cut will aid valuations.The worries about the banking system and slowing economic growth will recede over the next…
Stock bulls betting on a second rally from Indias landmark corporate tax cut are having their faith tested by a shadow banking crisis.
The Sensex index has erased almost half of the surge sparked by the Sept. 20 announcement of a landmark corporate tax cut,
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