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Jyoti Jaivardhan in conversation with Ajaya Sharma spoke about possibility of Muted Returns for CY24, he cited expensive Valuations of Indian markets , India market trading at a high premium to other emerging markets are some of the reasons why one should expect muted return for this year. He further believes that a good Correction in relative valuation can attract foreign flows to Indian Equities. He also added Small caps may lag large caps in near term however in the long term Earnings growth will be faster for small caps over large caps

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