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A sell-off was triggered by rumours of changes to the capital gains treatment of equities, which finance minister Nirmala Sitharaman trashed as “pure speculation”, although after the markets closed
Industry colleagues and journalists expressed their shock about the passing away of the veteran leader known for his affable nature, irreverence and sharp common sensical approach to everything in life including markets.
Even as equities remain among the best long-term asset classes, prices at all-time highs warrant caution, experts say.
It is vital for investors to not get carried away and let the figures cloud their judgement
According to Nitin Rao, CEO of InCred Wealth, the current valuations are reasonable, supported by strong economic fundamentals and a positive market sentiment.