Budget & Outlook I China at Covid Lows I Paytm

Weekly Recap and Outlook

Equity Markets

Nifty trades at approximately 22 times earnings, which is closer to the median levels

We continue to believe Nifty could touch anywhere between 24k-26k levels, possibly pre-elections or sometime in 2024

Small and Mid-Caps trade expensive and though the view on them remains positive over a 3 -5 year period, one needs to tread carefully avoiding pockets of over valuation

Interesting and Insightful Reads

1. Paytm has lost more than its bank - Read More

2. The SIP Might - Read More

3. Lithium prices crash by 80% - Read More

4. Gold reaches record high in 2023 - Read More

Hello User,

Here’s a snippet of my answer this week in ET Wealth.