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Positive on Indian stock market's long-term potential; overweight in pharma, IT, auto, says Devina Mehra of First Global

The article from Livemint discusses Devina Mehra's perspective on the Indian stock market. Mehra, the founder and chairperson of First Global, expresses a positive outlook on the long-term potential of Indian equities, despite acknowledging short-term volatility. She highlights that while the market has seen significant highs, it's not at an all-time high when adjusted for inflation. Mehra advises investors to remain invested, focusing on sectors like pharmaceuticals, IT, and automobiles where she sees overweight opportunities due to their growth potential and stability. She also touches on the importance of not being overly influenced by short-term market movements and emphasizes a strategy of diversification and long-term investment. Additionally, she comments on the global economic environment, suggesting that while there are concerns, India's economic fundamentals remain strong, supporting her bullish stance on Indian stocks.

Read the Full Mint Article at:
[ https://www.livemint.com/market/stock-market-news/positive-on-indian-stock-markets-long-term-potential-overweight-in-pharma-it-auto-says-devina-mehra-of-first-global-11735312293925.html ]