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Nifty Could Fall to 8,000 Levels: Ajay Bagga

PUBLISHED ON: July 3, 2015 | Duration: 8 min, 29 sec

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Nifty risks falling to 8,000 level this month because the market is overly optimistic on earnings, Mr Bagga said. Markets are discounting a 15-16 earnings growth this fiscal year but it could turn out to be 9-12 per cent, he added.
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