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'Bond market likely to see a major correction'

'Bond market likely to see a major correction'
'Current market valuations do not reflect underlying economic reality' 'We remain concerned about the housing finance space' 'We expect a 25-50 bps cut in rates by end-FY18' It was a roller-coaster week for the markets, amid talk of a fiscal stimulus by the government. Saurabh Mukherjea, chief executive officer, and Prashant Mittal, strategist, at Ambit Capital tell Puneet Wadhwa the recent flows into equity mutual funds are largely speculative in nature and pose a risk of reversal. Excerpts: ...
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