
Despite the possibility of better earnings in the next fiscal, a sharp and unexpected up move in US interest rates can suck liquidity out from Indian markets and cause valuations to crash, says Banerjee.
from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-china-plus-one-manufacturing-emerging-as-megatrendsindia-says-tanushree-banerjeeequitymaster_14974181.html
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