The contrast between the euphoric Indian equity market and anaemic underlying economic growth is getting sharper by the day. While profits of most firms have been severely impacted this year, stock market indexes are near all-time highs. In fact, with the BSE Sensex at record highs of 47,000, talk of profit-booking is now commonplace. Indeed, this is also reflected in the increasing levels of redemptions from Indian mutual funds.
Nine big financial changes that you must watch out for in October
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