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"The corollary of rising long-term rates is a shockingly fast swing from equity 'cheapness' to unusual expensiveness. Goodbye to the post-global financial crisis TINA [there is no alternative] world ...
But afterward, some analysts weren't sure that would be enough.
The major indexes bounced, but Palantir and many leaders still have sharp weekly losses. Walmart earnings loom.
The Nifty settled above the 25,050 mark. Pharma, realty and financial services shares advanced while FMCG, PSU bank and consumer durables shares declined.