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Have the markets topped out? Here’s what leading brokerages think

While most analysts expect global central banks to keep the liquidity tap open, which should keep markets buoyant, estimates of Indian markets are beginning to seem tight. With earnings surprises and unprecedented support from global central banks, confidence in stock markets has returned. The index captures much of the optimism about the recovery and would suggest being more specific for equities, which illustrates the quality of earnings, the sustainability of growth forecasts and has a significant shortcoming. Some adjustment of world stock markets from US markets is inevitable.

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