Market breadth narrows: 60% of NSE 500 stocks still 20% below 2024...

Market breadth narrows: 60% of NSE 500 stocks still 20% below 2024 highs; analysts flag overvaluation, weak earnings outlook

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While Nifty 50 and Nifty 500 indices have nearly recovered, a significant portion of the broader market, particularly mid and small-cap stocks, still lags considerably below their 2024 highs. This uneven rebound, following a September reversal, indicates a narrow market rally driven by specific sectors and large-cap names, with investors becoming more selective amid valuation concerns.

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