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Below is Perspective on Nifty touching 18,000 by Mr. Mohit Ralhan, Managing Partner & Chief Investment Officer of TIW PE.

“Nifty Index crossing 18,000 levels marks the continuation of the bull phase in the India markets. There are strong positive sentiments on the domestic front, even though the global cues are pointing towards increasing risks. Central banks across the world are expected to unwind their balance sheet expansion sooner than later to counter increasing inflation. In addition, this earnings season in India is going to be extremely critical, given that P/E of Nifty is above 27x and earnings need to keep pace with the same. Overall, we are cautious at this point of time and waiting for a definite conclusion on the tussle between global cues and domestic developments.”

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