In 2023, Indian equity markets were the clear winner. The Nifty 100 index gave a return of around 18 percent, but mid-cap and small-cap indices gave returns of around 38 and 42 percent, respectively. On January 23, the S&P BSE Sensex tumbled by 1,000 points, or 1.47 percent. That's just a single day's fall. All these sharp movements, especially when markets rise the way they did in 2023, warrant a review, maybe rebalancing and shifting your asset allocation back to what is necessitated by your risk profiling and financial goals.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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