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Narrow rally, tough portfolios: Devina Mehra explains why Nifty highs dont reflect market reality

The Nifty is near record highs, but Devina Mehra warns the broader market remains weak, with nearly half of stocks still 20% below their peaks. In an interview, she explains why the rally is narrow, why PSU banks still offer value, and why FMCG, pharma and autos remain strong bets as investors await a broader market recovery.