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    QONEQT in News

    03-Nov-2022 10:55 AM


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    India stands out as the fastest-growing of the large global economies and the most resilient stock market

    It was way back in 1970 that the singer Kris Kristofferson coined the phrase ‘cleanest dirty shirt’ for one of his best-known songs, though it may be remembered better today as a Johnny Cash hit.
    Of course, they used it to describe the US market, in the midst of a flailing global economy.
    Over the past year, the Sensex is down only 3 per cent, at the time of writing this piece.
    This may be on account of the general global turmoil, the strength of the dollar versus the Indian rupee, or concerns on Indian valuations, but it isn’t exactly a great endorsement of a new ‘asset class’.
    Inflation spikes further, and the US Fed slams the rate accelerator.
    In such a scenario, the very resilience we are celebrating today becomes our foe, as the valuation premium with other markets sticks out like a sore thumb.
    Source: BusinessToday
    #India