Stock markets in overvalued territory; 5 macro risks escalating: Ambit Capital
"Even as the Sensex's valuations clearly seem to be benefitting from record investor optimism, it is worth noting that with the exception of India's GDP growth, several macro variables are precariously poised," Ambit Capital said in a research note.
the Sensex was quoted at 38,896.63, up 202.52 points, Image source:Reuters