<ul><li>Manishi Raychaudhuri believes Nifty 50 may pause before scaling new highs due to elevated valuations and muted earnings estimates.</li><li>He notes that India's long-term outlook remains strong, but significant outperformance in the near term is unlikely compared to broader Asian markets.</li><li>Raychaudhuri sees promise in three key sectors: defence, green energy, and contract development and manufacturing, which are poised to benefit from global supply chain diversification.</li><li>He mentions that flows into emerging markets are strengthening, supported by incremental progress on global trade fronts and the RBI's tilt towards rate cuts for domestic growth.</li></ul>

Nifty May Pause Before Scaling New Highs, Says Manishi Raychaudhuri

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