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gks1576Indian Stocks Rally May Take a ‘Breather,’ HSBC Says. July 21 (Bloomberg) - India’s stock market rally. May halt because prices reflect the current economic recovery and are no longer cheap, HSBC Holdings Plc said. A “breather” is likely in the next couple of quarters after valuations on the benchmark Sensitive Index, or Sensex. Surged to 16.5 times earnings forecast for the next 12 months, HSBC strategists led by Vivek Misra. HSBC has a target of 14,000 for the Sensex by year-end and expects the S&P CNX...
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