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India’s stock bulls have more reasons to worry after having suffered back-to-back weekly losses as yields on the government bonds climb with global peers. The ratio between the nation’s benchmark 10-year yield and the BSE Sensex index’s current earnings yield is now at the highest level since 2001, dimming the appeal of equities. However, ICICI Securities isn’t swayed, saying in a note Monday that Indian equities don’t look overvalued relative to bonds even after the yield spike, adding that a situation of higher economic growth and moderate inflation would be bullish for stocks. Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even ....
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