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Auto, private banks, telecom among sectors trading at a discount, says MOFSL

Apart from five sectors, which constitute one-third of the overall market, all others are trading at a premium to their historical long-period averages, MOFSL noted

India narrows difference in MSCI EM index weightage to stand closer to China

India s MSCI Emerging Markets index surged from 8% in June 2020 to 17.9% currently. With ongoing domestic institutional flows and steady FII participation, India may exceed 20% in the MSCI EM Index by 2024.

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