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Data available from corporate database ACE Equity shows that Nifty India Defence index has surged 142% in the 12-month period. The index has significantly outperformed the equity benchmark Nifty50 that has given 26% return in the same duration
Market experts expect the strong trend exhibited by mid- and small-cap indices to reverse going into FY25 as concerns of frothy valuations by Sebi and mutual funds stress test results cast a shadow