Time to raise high-beta bets as markets eye new highs, say Analysts

Staging a strong turnaround from the year's lows, equity markets have swiftly reclaimed their 52-week highs. Since July when the markets started moving north, the S&P BSE Sensex and the Nifty50 have rallied around 17 per cent each, respectively.

The BSE Sensex breached the 62,000 mark on Wednesday after over a year and is now merely 250-odd points away from its all-time high.

With visible signs of moderation in inflation, markets seem to have moved past fears of interest rate hikes and investors are now anticipating strong foreign inflows into domestic equities, analysts said, who now expect the market momentum to pick up pace.