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Indian Banks Gain Edge Over Nifty on Seasonality, Valuations
Indian banks are gaining an edge over the Nifty index, driven by seasonality and favorable valuations, according to Bloomberg Markets. The banking gauge is currently trading at a price-to-book multiple of 1.55, marking its lowest level since 2020.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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