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Below is Quote on Nifty touches all-time high By Mr. Sumit Chanda, CEO & Founder of AI-based investment advisory platform, JARVIS Invest

“The general sentiment in the market has turned positive after inflation started moderating in the US. While the Fed has maintained their hawkish stance, they will not be hiking the rates as aggressively as they did in the past. Even locally the RBI has indicated that the inflation levels have been easing off which bodes well for us. We have seen the FPIs pumping in close to 32000 crs this month with more to follow. I continue to be cautiously positive at these levels since we are trading at expensive valuations. With the Russian oil price-cap coming into effect from 5th December, we should anticipate some supply shocks. This can have an impact on the markets. While we don't expect the inflation to go back up again but there will be short term uncertainties to deal with.”

Recommendations made by the JARVIS tool in the month of November:

• Major allocation of all the portfolios is towards large-cap and small-cap sector – Interestingly, risk averse investor has the HIGHEST allocation to small-cap sector stocks
• JARVIS, the AI tool, has recommended a slight shift in sector allocation from Sept 2022 to now in Nov 2022 - the AI has recommended higher allocation towards IT sector in November (12%)
• Recommendation on Industrial manufacturing in the last two months has been shifted towards Chemical sector. However, Pharma, construction and financial services still remain the top 3 sectoral bets
• All profiles have between 4%-20% allocation towards mid-cap sector
• Top stocks recommended by JARVIS Invest to its users as of November 22 -  
  • Max Health (Allocation - 30%)
  • CGCL (Allocation - 25%)
  • IRCON (Allocation - 22%)
  • Bsoft (Allocation - 12%)
  • LiquidBees (Allocation  -11%)

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