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Record highs in Mumbai are stoking the enthusiasm of strategists calling for further upside for Indian stocks, with companies poised to take advantage of a post-pandemic economic recovery in Asia through next year and beyond.
Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Asset Management are among a number of prominent names talking up prospects for the country’s shares in recent days. India traders marked Diwali, the Hindu festival of lights, by watching the S&P BSE Sensex Index rally to record highs last week, helped in part by a solid third-quarter earnings season.
About 86% of
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