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FPIs: FPIs may wait for some steam to blow off a red-hot Street

With the near-uninterrupted 17% rally from the 2023 lows in March taking domestic benchmark indices to record highs and pushing share valuations to elevated levels, there are concerns that the market may be overheated in the near term which could result in foreigners moderating their purchases of local stocks.
Hong Kong India General Sanjeev Prasad Manishi Raychaudhuri Reliance Industries Dalal Street

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