Have the markets topped out? Here's what leading brokerages think

Though most analysts expect the global central banks to keep the liquidity tap open that should keep the markets supported, valuations of the Indian markets, they say, are beginning to look stretched

After a near 50 per cent jump in the frontline indices – the S&P BSE Sensex and the Nifty 50 – from their respective lows in March 2020, the markets have been consolidating and waiting for fresh triggers since the past few weeks. That said, the optimism has now moved to the broader markets with the mid-and small-caps outperforming their large-cap peers thus far in August.

But, will the optimism sustain? Have the markets factored in most positives post the resumption in economic activity after