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While large-cap private banks, NBFCs, and IT are looking relatively attractive in terms of valuation; industrial, PSUs, consumer, and capital goods are expensive as compared to their medium-term averages, the report further adds.
The Nifty Healthcare Index is a sectoral index on the NSE that captures the behavior and performance of healthcare companies in India. It is constituted of 20 stocks involved in the health and wellness industry.
Global markets face consolidation due to sluggish economy, high inflation, and high-interest rates, impacting future growth prospects. Selling seen in emerging markets, including India, but cushioned by positive inflows from domestic investors.