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Wary hedge fund managers aren't buying into rally in Indian stocks


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India has the world's fourth-highest number of virus infections and its spread prompted states including Maharashtra

Hedge fund managers in India are joining global peers in preparing for another rout in equities, as the rally in local stocks overlooks the pandemic and a dim economic outlook.

The cautious stance has cost some professional investors so far as the S&P BSE Sensex index has rebounded 35 per cent from a March low, helped by a ...


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