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Morgan Stanley feels fundamentals (both macro and corporate) appear to be at the start of a new up cycle, valuations are at mid cycle and market sentiment or psychology looks depressed. On balance, equity shares appear to offer more upside than downside, it said.
After a volatile 2018, on balance equities could be poised for better returns in 2019 with the caveat that the Indian electorate does not deliver a shock verdict in the forthcoming 2019 elections by delivering a fragmented coalition government, according to the research house which expects the Sensex to end year 2019 at 42,000.
European Union General Court has upheld the European Commission’s decision on drug Perindopril.
Hence, Unichem Laboratories is liable to pay fine of 13.96 million euro, reports CNBC-TV18.
EU Commission had given verdict in 2014.
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