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There is nothing incrementally to worry about even for rate sensitives now. Earlier it was always that hanging sword which said that the RBI will hike the rates whether it is going to be 25 bps or 50 bps, now that worry does not exist. Even if the RBI were to increase the rates by 25 bps, the market will kind of ignore it.

But this does not mean that we are looking around to puff on cigar butts. We are also looking for a trigger to unlock the value. It might be growth or inflection that we believe will eventually allow value to be recognised.

Conditions remain conducive in the near term for markets to continue recovery and move towards a new high. This is on the back of improved domestic macro sentiments along with better global flows due to expectations of interest rates peaking.

In the Nifty50 pack, six stocks crossed their previous 5-year high values at the close on June 07, suggesting bullishness in counters.

​This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks have increased​

Since its lows of March 23, 2021, the Nifty PE has risen from 18.49 and now stands at 21.70. In the same period, its price to book value rose sharply from 2.34 to 4.9 and dividend yield fell from 2 to 1.45. During this period, the Nifty returned 125.8%

Gold prices rose by 0.3% to reach $1,945.60 per ounce, while US gold futures held steady at $1,960.10, following a 1% plunge in the previous session. It comes as investors look to approach the Federal Reserve policy meeting with some caution after the Bank of Canada raised rates to a 22-year high. The US economy remains strong as consumer spending drives it forward, but some areas are slowing down, according to US Treasury Secretary, Janet Yellen.

​Already, most PSBs have reached 1% ROA or so and looking at how the growth and even the credit quality which is continuing to improve, like there was somewhere this notion that the credit cycle will start to show some signs of moderation and therefore the credit cost will start to increase, but the pace and the levels of GNPA that these banks have reported in Q4 in the SMA books points towards further improvement in the coming quarters.

Remember the compact SUV market last year was about 870,000 out of which about 50,000 only was the lifestyle SUV market. But we do see a trend towards more people coming into this category and surely the addition of this one new model Jimny in this category would add to the numbers overall

​So what happens is that not only is the revenue per car going up but also the EBITDA is growing and because of this measure we expect the company to maintain its margins and also continue to grow at a heady clip.