Nifty valuations align with historical averages; HSBC MF bullish on India’s growth outlook

After the recent market correction, Nifty’s valuations have returned to levels that align with its 5-year and 10-year averages, according to a report by HSBC Mutual Fund. Despite short-term challenges, the report maintained a positive outlook on Indian equities, citing a strong medium-term growth potential. It said “Nifty valuations are now in-line with its 5/10-year…

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