Indian markets at dizzying heights; don't go overboard: Experts

Experts warn investors against going overboard as they see the risk-reward ratio turning unfavourable at the current levels

The Sensex last week almost touched 60,000, while the Nifty edged closer to 18,000. These levels would have been difficult to fathom when the Sensex dropped below 26,000 and the Nifty fell to 7,500-levels on March 23, 2020, at the peak of the Covid-19 sell-off.
 
Market pundits point out that such low levels were an aberration and one should not look at the gains made from these levels. But even from the valuation standpoint, stocks, across the board, are expensive.
 
The bullish sentiment, especially towards Indian equities, stems from factors, such as the easy monetary stance of the