With markets hitting record levels and the Sensex trading at an 18-20% premium to its historical 10-year average price to earnings ratio, May was a challenging month for fund managers. Money managers became cautious because of the high valuations and were seen booking profits in consumption-oriented stocks like Godrej, Hindustan Unilever and Maruti at higher level
RBI not likely to cut interest rates soon; how this delay can impact bond investors, what they should do
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