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Markets ready to hit new highs; Largecaps, autos and jewellery to drive momentum: Amnish Aggarwal

Markets are poised for new highs as strong Q3 demand, GST cuts and improved liquidity boost sentiment, says Prabhudas Lilladhers Amnish Aggarwal. Largecaps are expected to lead the next rally, autos and jewellery remain bright spots, while Paytms regulatory approvals lift long-term sentiment. Aggarwal remains cautious on infrastructure, capital goods and global cyclicals amid slower capex trends.