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  1. Indian markets nearing bottom; ideal time to go long: Macquarie

Indian markets nearing bottom; ideal time to go long: Macquarie

India's NSE index has fallen as much as 12.3 pct from its record high hit in March says Macquarie...

By: | Updated: May 11, 2015 11:19 AM
sensex indian market

Top stocks that have fallen more than 15 pct and look attractive include ITC, Sun Pharmaceutical Industries and Asian Paints. (Reuters)

Indian markets are trading closer to the lower end of long-term historical valuation band at 12.8x FY17 earnings – Macquarie.

India’s NSE index has fallen as much as 12.3 pct from its record high hit in March says similar-sized corrections have been seen in previous bull cycles and have been good entry points.

Structural reforms being pursued by government are laying strong foundation for sustained growth; consensus expectations have moderated to more realistic levels.

Top stocks that have fallen more than 15 pct and look attractive include ITC, Sun Pharmaceutical Industries and Asian Paints.

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Tags: BSE Sensex

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