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The bull is showing no signs of fatigue as the Nifty raced to another record close. Global support to the rally is intact with the Dow and S&P setting yet another record high. Retail investors relentlessly chasing stocks and the sheer momentum in the market may take the Nifty to 16,500 levels, said an analyst. ....
The list is the longest in recent memory for the parameter, reflecting the broad nature of the ongoing bull market in Indian equities. Another example of the conviction that mutual fund managers have in the ongoing market rally is the fact that out of the 43 stocks, only two belong to the Nifty50 index – Sun Pharmaceutical Industries and HCL technologies. ....
The third interesting theme we participated in nearly a decade ago was the real estate rental yield play, particularly in the commercial real estate space. Over the last few years, large PE investors have invested billions of dollars in Indian commercial real estate as they were attracted to high rental yields of 8-9 per cent, a trend that we identified and accordingly participated in a Mumbai-based listed company – NESCO. Over the last ten years, the real estate index (largely dominated by housing real estate companies) has delivered virtually no returns or negative returns whereas NESCO has delivered a 15 per cent+ CAGR return over the last 10-12 years. ....