indices are expected to witness high single-digit to low double-digit growth in the calendar year 2021, despite pricey valuations, Neelkanth Mishra, managing director, co-head of Asia Pacific Strategy and India equity strategist, Credit Suisse, said on Thursday.
According to the brokerage house, Indian equities are no longer cheap, and are only a short distance away from being the most expensive they have ever been.NSE benchmark Nifty is up around 13% on a year-to-date basis till 17 November 2020, despite economic weakness.