Stock market: Valuation froth? 38% BSE200 stock trading above 5-year average multiples

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Sensex and Nifty edged lower after rising for four-straight days. The BSE Sensex was trading at 83,812.16, down 246.74 points or 0.29 per cent. Nifty stood at 25,573.75, down 64.05points or 0.25 per …