As New Year begins, there’s some nervousness in markets ...Middle East

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As New Year begins, there’s some nervousness in markets
Mumbai: In some areas, valuations seem stretched, as seen in the surge of micro-cap stocks and the enthusiasm for new issues, including in the SME sector, Jaykrishna Gandhi, Head of Business Development, Institutional Equities at Emkay Global Financial Services, said on Wednesday. The Nifty trailing PE stands at 23.4x, indicating a balance between not being overly expensive and not particularly cheap, especially considering the forecast 12-14 per cent earnings CAGR over the next two years, he said. The Indian stock market ended 2023 close to its highest levels ever. As the New Year begins, there’s been some nervousness, with a slight correction of 1-2 per cent from Monday’s peak. On Wednesd

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