Contrarian Investing and Indian Economy
Nifty-50 has scaled mountain 17K quite comfortably on 31st August and sustained that level. On the same day Indian economy has shown signs of strong comeback with 20.1% GDP growth in FY 2021-22. It is definitely proud moment for all Indian investors. Because apart from the excess liquidity and related factors, clearly India has emerged as the bright spot in emerging markets post Covid-19 outbreak. FII's are pouring in money and trusting the India story. Retail investors have also joined the party by maximum participation during last 1.5 years and earned well. Now, what next for the market? There are contrasting views within the market experts: First one believes that markets are clearly overvalued and its time to get out as soon as possible. While the other set says, it is just the beginning of a large scale bull market similar to that of 2009-2016. My Opinion: Market is supreme! Never try to predict the market. People waiting for 6500 levels for Nifty in March-2020, c...