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Global tidings keep market away from an all-time high, says Udayan Mukherjee

Updated : June 04, 2018 12:00 PM IST

Global tidings are partly the reason to keep market 3-4% away from its all-time high, said Udayan Mukherjee in an interview.

“We are tagging along the global space and as long as crude behaves itself, which it has over the last ten days, the chances of India not underperforming the global space by too much is quite high,” said Mukherjee.

According to him, the index has held up and quality names have done well, but the broader market is struggling quite a bit.

The Sensex was up 500-600 points, but the midcap and smallcap indices were down 5-6% in the May series, he said.
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