According to Sharma, bull markets often attract capital into what he describes as "fluff" — businesses with high valuations but limited long-term economic value.
Given the current rates of fire by Iran and its ally Hezbollah, more than five weeks into the conflict, the estimates imply potentially months more fighting
Motilal Oswal is overweight on auto, PSU banks, diversified financials, technology, consumer discretionary, and capital goods and EMS, which are its key preferred investment themes.