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Below the Quote on Market by Abhishek Banerjee, smallcase Manager and Founder at Lotusdew

"It’s not surprising to see index climb up. Quality companies are getting disproportionate flows while fund managers are forced to allocate capital even at elevated valuations. However, we are extremely bullish even at these levels as we expect buoyancy in tax collections, stability in policy environment, new expected private capex, increased efficiency of PSU to name a few .. but perhaps most importantly, as soon as allocation to Indian government bonds due to inclusion in JPM GBI index will bring in flows to bond markets, but also automatically bring flows to equity market to maintain bond vs equity allocation in global portfolios.”

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