“Many favourable factors have come together to push the markets to record levels: The FOMC minutes indicating smaller rate increases, the sharp correction in crude, FIIs turning buyers, reports of impressive credit growth and capex revival and even the bad news of record Covid spread in China is turning out to be good news for India since it will accelerate the China Plus One policy,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
