Sandip Sabharwal discusses the current high valuations in the market and advises keeping cash on hand for future opportunities. He notes that while the IT sector has seen significant gains, further growth may be limited. Real estate stocks have performed well but face challenges ahead. FII flows into India have turned positive recently.
Mcap of top-10 most valued firms slumps Rs 4.95 lakh cr; TCS, Reliance hardest hit
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,