INSUBCONTINENT EXCLUSIVE:
that are trading at higher valuations might see a sharp price correction, according to a note by Kotak Institutional Equities
sale of consumer products, including television sets to motorbikes showing weaker volumes
Further, resisting calls for a stimulus to spur the economy, Finance Minister Nirmala Sitharaman opted for spending control in the federal
reasons.
Accommodative monetary policies of major central banksLower domestic bond yieldsHopes of an economic recoveryWhile Kotak is
comfortable about the first two reasons holding up and supporting the shares, the growth worries remain a bugbear
