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Indian equities over valued; Sensex likely to correct to 26,000 by year-end: HSBC

Indian equities over valued; Sensex likely to correct to 26,000 by year-end: HSBC

Recent market rally may have resulted in upward outlook revision by brokerages, but HSBC feels Indian equities are overpriced and Sensex is in for a correction, which may slump to 26,000 by the end of 2016.