Not the time to cash out of this market rally: Nirav Sheth of Emkay Global

India's macroeconomic fundamentals are resilient, with growth/inflation dynamics better than those of many developed markets

Equity markets are at record high levels with the S&P BSE Sensex hitting the 65,000-mark, and the Nifty50 surpassing 19,400 earlier this week. An investment strategy, said NIRAV SHETH, chief executive officer – Institutional Equities at Emkay Global Financial Services in an email interview with Nikita Vashisht, should always help to identify appropriately-priced sectors and stocks within a risk-return framework, without excessively obsessing about markets. Edited excerpts:

With markets at record highs, what strategy would you suggest to investors?

Markets will, over time, make new highs, just as gross domestic product (GDP) and profit scale new highs. Sometimes markets are ahead