"When the Indian stock markets hit record highs in the first few days of November, while there was expected euphoria, there was also some concern raised about whether the rally would be sustainable in what is still an uncertain economic environment, especially in the context of run up to the general election in 2014. And so, for those who missed the ride and profits which came with it as well as for the ones who are still invested, what are the opportunities, if any, going ahead?
Propelled by a big surge in foreign capital inflow, the markets have seen a remarkable turnaround in the last two months, though in the last couple of weeks, they have been volatile and witnessed a few days of declines.
“ Initially the consumer staples and IT stocks were the only ones doing well. Healthcare stocks have joined them. Telecom stocks are relatively doing better ”
Anand Radhakrishnan, Head of equities and portfolio manager at Franklin Templeton Asset Management, IndiaNot unduly worried by the volatility, analysts point to a few market indicators, which suggest that there is still a margin of safety to invest in Indian equities over the medium to longer term."
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