"The Indian equity markets have seen a significant rally, driven by favorable macro and micro factors, continuous inflows by FIIs, and strong retail participation. However, the market s continued rally has led to elevated valuations, and there is a belief that significant upside may be limited for some time. Investors are advised to keep some cash margin in their short-term portfolios, take profits from expensive stocks, and look for better entry points. "
"There is also a list of largecap stocks which show a near-term upsidea lot of them are financials and a couple of them are auto. There is one stock, which is Apollo Hospitals, and that is the only outlier. Again, it is not when you are picking stocks on a bottom-up basis, you are not really talking of any sector preferences."
Mid & small-cap stocks have seen tepid performance this week, but long-term growth potential remains strong, driven by India s prominence in the global supply chain and resilient domestic economy.