As the negative impact of rate hikes in compressed time is starting to surface in terms of banking stress, the record highs are looking a bit difficult for the index in the near term.
There is no particular indicator that points to the end of the bull market. However, corrections are part of a bull market and we will experience them at regular intervals, Kapasi said
Time in the market is far more important than timing the market as you give your assets time to compound and cut the short-term noise out of them, said Kapasi.
The economy will require a massive fiscal stimulus post a 45-days lockdown period as we might be staring at a very gloomy scenario, says Hemang Kapasi.