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Rising oil prices that can stoke inflation fears, firm bond yields and a patchy monsoon back home can trigger a market correction in the short-to-medium term, feel analysts, who suggest investors will be better off sticking to large-caps stocks.
"India's strong outperformance meets some resistance in the form of rising crude prices, firming US bond yields and risk of inflation. Mid-cap rallies also warrant some caution and leave large-caps relatively more appealing and candidates for re-rating," wrote Herald van der Linde, head of equity strategy for Asia Pacific at HSBC in a recent coauthored note with Amit Sachdeva and Anurag Dayal.
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India, according to HSBC, has been nearly the best performing
