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Below is quote on The market is facing downward pressure given the negative global cues By Mr. Mohit Ralhan, Managing Partner & Chief Investment Officer of TIW Private Equity

“The market is facing downward pressure given the negative global cues. We had turned cautious after the indices moved up quite a bit recently with Sensex touching a high of 60,000. While the domestic story of economic recovery and reducing risks on the COVID-19 front remains intact, the unfolding debt crisis at China Evergrande Group and impending start of tapering by US Fed, have resulted in unfavourable risk reward scenario. Also, the valuations of Indian stocks have increased significantly with the P/E ratio of Nifty 50 Index crossing 27x, which is another critical factor to remain cautious in the markets right now.”

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