The infrastructure sector (comprising both project developers and construction companies) has got massively de-rated by investors over the last few years.
The bottom line is that one should stay invested and not get spooked out of one's equity holdings, says Akash Prakash.
Last week's panic in financial markets finally forced European policy-makers into taking decisive action.
The government has to realise that at some stage it will have to deliver on big ticket items.
The time has come to seize the opportunity and convince investors that UPA means business, says Akash Prakash.
A total of over $6 bn has flown into India through ETFs, making this equivalent to the largest country funds
The political mood seems to have changed in most Organisation for Economic Cooperation and Development capitals, and it would be very difficult for any government to justify new stimulus measures in today's environment. Public pressure to reduce government budget deficits and minimise public debt burdens is growing across the developed world.
Thanks to political changes, India is in the midst of a long-term growth path that will mirror China.
The markets have reacted to the Budget with a sense of unease and disappointment. Maybe expectations were unrealistic, and we are unfair in expecting so much in the short period of time the FM had to prepare and present the Budget.
The rally is likely to last longer than people think, and it is also unlikely to correct severely.
India has a better chance of growing independent of the West than any other country in Asia.
India has not yet reached a stage of extreme price attractiveness - markets are cheap, but not yet distressed.
Investors who can take a genuine long-term view, without worrying about mark-to-market losses, can start nibbling, says Akash Prakash.
The reality is that this is an unprecedented time, and the environment far murkier than usual. While a trading rally is clear, it is to my mind premature to make any statement beyond that. While it is probably dangerous to have very high cash levels, I find it difficult to be fully invested, either, says Akash Prakash.
The odds are the markets will bottom out before the middle of next year.
The Indian economy is slowing, and earnings are at greater risk than most realise.
Apart from hiking prices to curb demand, you can expect moves to curb speculators.
We are in an era where oil will remain far above accepted norms of pricing. When oil is above $100, band aid solutions of bonds and subsidies are not sustainable.
The capital markets seem to have fallen off the government's agenda.
What we are witnessing today is a sea change in the attitude of Indian middle managers, who are moving to Indian industry in droves. Having spent enough time working for the MNC charm to have worn off, more and more Indian managers are making the leap to local companies.
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