"Overall, India has good demand, so the consumption-based sector will prove beneficial for economic growth. Increasing government fillip to the sector of defence will prove beneficial for defence start-ups in the long run too. In the long run, increasing government support for the defence industry will be advantageous for defence start-ups as well."

"When I was studying in college, my friends introduced me to the stock market. I started with Rs 5,000 in 2008. I did options, intra-day trading as well as chased IPOs. I lost a lot of money during the Satyam crash. It destroyed the myth that trading is easy. I also lost money in stocks that were hot during that time like Unitech, Jaypee, HDIL, etc. By that time, my total investment of Rs 3 lakh had reduced to Rs 60,000."

"The Nifty50 can witness some exhaustion near the 18000 level and see some slides in the coming days. Investors can book partial profits in their portfolio and wait for the next turnaround with Nifty having the near-term support zone near 17300-17400 levels. The crucial strong support base is near the 17000 zone which is also where the significant 200-DMA lies."

“I still firmly believe that a lot of pent up demand exists in the economy and amongst consumers and businesses and as a result, the second half probably should be very strong or resilient in terms of growth. Now when you tie this into the market and given the fact that markets tend to discount 12 months forward earnings, Indian market at Nifty level will do something close to Rs 1,000 of EPS in FY24. ”

“Unlike the Nifty move which was pretty sharp, the valuation uptick was not that sharp, partly because Q1 results were factored in and therefore, when we moved our estimates forward, valuations looked a tad bit better. After this stupendous rally, one should see some bit of moderation in the Nifty levels and I would not be surprised if that moderation continues well into this month as well.”

"The fear index, India VIX has remained below 20 during the last week suggesting an overall positive sentiment. On the higher end, 18000-18100 is likely to act as a very crucial resistance. On the lower end though, 17700 may remain crucial support. A fall below 17700 may trigger a sell-off in the Indian equity."

We have had oil going down that has been a big boost for the markets. Overall another good news is that the Atlanta Fed projection for the US for quarter three is now running at 2.5% of year on year growth in GDP. So after two quarters of negative print we are going to see a pretty strong quarter for the US economy that gives substance to the markets.

But that also does not mean that we start buying immediately on the first day of a sharp correction. We have to find out the points where the market will get into an equilibrium phase which means when the selling abates and when we will see good emergence of buying coming across into the market internals.

"Nothing happens too fast, even biking. I avoid driving too fast, and at the same time, remain cautious on the road. It is the same story in equities; nothing happens overnight, be patient," said Sumit Chanda