Friday, 16 June 2017

Sensex higher, Nifty above 9600; Tata Motors, HDFC Bank lead

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Three-month return correlations across stocks have plummeted to single-digit levels for only the third time in 15 years.

The previous two occasions were accompanied by a major upward move in the market.

"The directional view on the market is more difficult for us to judge, even though in our base case we think that the pace of returns will slow down in the second half of 2017.

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