Sensex Today | Stock Market LIVE Updates: Sensex falls 100 pts; Nifty below 24,600 as RBI holds rates amid tariff woes

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Pankaj Murarka, CIO of Renaissance Investment Managers, believes that India’s equity market—particularly the top 20% of stocks, including those in the defence and electronic manufacturing sectors—is currently overvalued. Following a strong bull run, the firm has exited its positions in defence stocks, citing unrealistic earnings growth expectations already factored into their prices. At this advanced stage of the economic cycle, the focus is now on reducing valuation risks within the portfolio. Read more