What is your outlook for the equity markets? Are we likely to see continued traction with blips on the way? For over 160 days, no stocks have hit 52-weeks lows. Is that encouraging?
We have been in an almost one-way movement of the market and if we extend our time horizon, that goes on up to the last 15-16 months. Within that, there have been periods of consolidation and marginal correction. The previous high of the market was in March 2021 at 15,300. We corrected in May by about 7-8% and from there we have come up again in the last one week or so. That is too short a period to say anything. So, there has been a range-bound movement in the market.
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