The Indian markets have rallied over 23 per cent so far in the year 2014, including near 10 per cent rally post election results, on expectations of pro-growth reforms from the newly-elected Modi government.
Undoubtedly, valuation looks a bit stretched as most stocks have rallied ahead of fundamentals. But analysts are of the view that the broader trend looks on the upside and any correction should be used to enter the markets or 'buy' quality stocks.
The Sensex and the Nifty have shown tremendous strength and posted exceptional gains despite global geo-political issues and domestic concerns.The slide in mid-afternoon came after the key benchmark indices moved in a relatively narrow range until that time.
The Sensex and the Nifty have shown tremendous strength and posted exceptional gains despite global geo-political issues and domestic concerns.The slide in mid-afternoon came after the key benchmark indices moved in a relatively narrow range until that time.
Among the benchmarks, the BSE Sensex has gained nearly thirty percent in the last six months and is scaling to new highs with every passing week.
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