Narrow market breadth a concern, says Sameer Dalal amid Nifty’s race to record highs
As the Nifty nears record highs, a market shift sees investors moving from mid- and small-cap stocks to safer large-cap names. This narrowing market breadth historically precedes corrections, with stretched valuations offering little cushion for many stocks. Despite near-term valuation hurdles, optimism remains for the food delivery segment’s long-term profitability.
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