Dear Investors,
Nifty has rallied nearly 18% from a 28-Mar-23 day low of 16914 to 19,991, stretching the index in the short term due to momentum & strong FPI inflows. In fact, FPI inflows in this financial year (April-Jul-23) have reached $18 billion, making it one of the fastest 4-month inflows ever.
Earning growth & investment flows continue to support Indian equity, but short-term upward moves will not last for long due to stretched valuations.
My study after going through Q1 earnings of various sectors guides me that any correction in ongoing consolidation in the stock market will give opportunity for equity investors to consider increasing their equity allocation below the previous high of the 18600 index level if the index approaches these levels, always prepared to increase allocation towards equity if one get value buying opportunity.
No one can predict short-term market movements but in the long run, investors are going to get decent returns.
All we need to do is stay invested, create savings, stop unnecessary big-ticket spending, & create a STRONG SIP habit.
It is going to be a magical decade ahead.
From Your friend at Capital Investment Architect
A trusted financial advisor to some families for years, adding value to financial portfolio