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ETMarkets Smart Talk | Don’t chase growth at any valuation; rising US yields can pressure P/E multiples: Manish Kumar

Midcap and smallcap stocks are hitting record highs, but rising valuations and higher US Treasury yields could challenge the rally.

  • Midcap and smallcap indices reach new all-time highs.
  • Rising US yields elevate global cost of capital, pressure P/E multiples.
  • Indian market less reliant on foreign capital, but II and IPOs impact valuations.

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