Panch Tattva Wisdom

Most corporate balance sheets in India have cleaned up significantly over the past decade. At the same time, the era of fanciful run-ups and reckless diversification appears largely behind us. Business lines are now more clearly defined, and managements seem to have learnt the risks of chasing easy money for short-term gains.
Despite crude oil remaining elevated and interest rates not being exceptionally low, the size and depth of the Indian market continue to expand steadily. In such an environment, a phase of sudden upward movement in markets — possibly aided by renewed FII participation — cannot be ruled out.
Patience may therefore prove rewarding. Remaining invested through periods of uncertainty could be the wiser course.
Krishna Khandelwal