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Stocks are overvalued but no reason to expect a big correction in market: Sanjeev Prasad
Sanjeev Prasad sees no concerns on the horizon. PSU stocks are up without change in fundamentals. Most sectors and stocks are overvalued, except for largecaps and defensive sectors. Core inflation decrease may lead to US Fed cutting rates. India's macroeconomic situation and growth are looking decent. Investment has improved for private households and public sector capex.