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Chirag Setalvad of HDFC AMC believes the market is in a dangerous zone, with certain segments being expensive but not in a bubble. He urges caution and a conservative approach, emphasizing the importance of asset allocation and a stock-specific strategy. Valuations have moved up, there is a lot of frenzy which is visible in certain pockets of the market, too much retail participation, too much primary market activity and hence there will be a meaningful correction.
Japan’s main stock market index has climbed past its all-time high after a 34-year wait, exceeding the record level reached during the country’s late-1980s...
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