This rally was unexpected as the sentiment was largely negative and there were too many short sellers globally, when the US Fed made the statement that they had reached a neutral rate. We believe the market is not cheap at current levels, but if FIIs keep buying, markets will head higher. This rally now looks a bit stretched, but we can be wrong, if interest rates have reached the peak.
ETMarkets Smart Talk| Markets at an inflection point; expect 40–50% gains over 36 months: ASK Hedge Solutions’ Vaibhav Sanghavi
Indian stock markets are at a key turning point. Experts predict a strong rally over the next two to three years, potentially delivering 40-50% returns.