Indian markets’ outperformance should not be seen as a bubble: Gaurang Shah

Domestic equity markets started the day’s trade with gains, nearing all-time highs. S&P BSE Sensex was nearing 59,900 during the pre-open session while the NSE Nifty 50 was closing in on 17,900. Bank Nifty breached 37,800 once again while broader markets zoomed higher. Gaurang Shah of Geojit Financial Services spoke to Money9 on how to approach the current markets. "We tend to believe every time Indian markets go up that it must be a bubble, we never question when the US markets outperform. Investors must realise that when the Indian markets are currently one of the best performers, this is the change that we were hoping for", he said. He believes that earnings are expected to be good, growth is stabilizing and the economy is showing signs of improvement, unlock theme is playing out. He believes India is all set to achieve higher growth. Stock Recommendations Tata Power | Buy | Target : 285 | Duration: 1 year BEL | Buy | Target: 280 | Duration: 1 year