Sensex, Nifty hit record highs: What should be your investment strategy now?
Lok Sabha elections will get a boost. This augurs well for macro and policy momentum for India, which, at the moment, is seeing the highest growth among major economies, it added. Read here: SBI, M&M to LT: Motilal Oswal recommends 14 stocks to buy after assembly polls "However, a restraining factor will be the valuations which are high and will get stretched further with the rally gaining momentum.
In the near-term, the market will ignore fundamentals and move up but soon high valuations will trigger some selling," cautioned V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. What investment strategy should investors follow? Here's what experts say: For retail investors who may be feeling left out, there's no need for concern. India's long-term story is still unfolding, with numerous achievements awaiting us.
Yet, it's essential to be prepared for fluctuations. Also don’t forget that such markets will always present instances of overvaluation which makes it hard to find good investing opportunities. But if you can get the right advice at the right time, then the path can be very rewarding.
Remember, remaining vigilant, staying informed, and maintaining a long-term investment approach will be key. The investable liquidity in the market is huge and has supported well to bring the Nifty a new high. The quarterly result has also shown a good set of numbers from companies and has been instrumental in the current bull run.
The recent GDP data has surprised everyone with higher than estimated numbers clearly reflecting the current economy. Manufacturing and mining have shown double-digit growth this time which directly indicates the kind of activity taking place in the economy. The manufacturing is
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