The past decade saw three full cycles of markets moving up and then going into bear phases.
Analysts expect global markets to remain in consolidation mode with a negative bias over the next six months.
There are a few factors that can spoil the party
Analysts mostly prefer domestic plays beside select films with foreign exposure.
The derivatives expiry on Thursday is also expected to add to the volatility.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
Foreign investors are betting top dollar on the country as growth is likely to recover at a time when other emerging markets are battling macroeconomic adjustments.
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
Higher growth, reform bets have boosted returns but leave limited room for error.