Time for Caution in Indian Stock Market
Indian Stock Market Time for Caution? The BSE 30 Index is at an all time high and hovering around 60k. Lot of confusion is there in the market as to whether it is at the peak or still some room is left for the market to move up. It's a million dollar question to answer because despite the stretched valuations, the market is going higher and higher every week. Still there are many reasons to believe that our market is not going to crash in the near term. The sustained high commodity prices are supporting the manufacturing sector tremendously and increased cash flow owing to better price realization paving the way for them to reduce their debts resulting in improvement in their balance sheets. Speedy digitalization and implementation of technology driven tools in each and every segment has been extensively supporting the IT sector. Further, there is still enough liquidity in the system to support the market as central banks of major economies are in no hurry to ta...