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Markets Not Very Expensive: BofA-ML

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April2: Market Gurus say Indian markets are not in a state of euphoria, but warn of substantial downside if polls disappoint. In a panel discussion with Vivek Law, Reliance Mutual Fund’s Sunil Singhania, Bank of America Merrill Lynch’s Jyotivardhan Jaipuria, Standard Chartered Bank’s Ananth Narayan and Quantum Advisors’ Ajit Dayal, discuss their outlook for Indian markets in FY15.