The Economic Times

Nifty valuations near post-Covid lows. Alchemy Capitals Alok Agarwal explains what investors should buy now

Nifty valuations have reset sharply from 2024 levels and are now near post-Covid lows, says Alchemy Capitals Alok Agarwal. He sees the next phase of market growth broadening beyond large caps. Mid- and small-caps, AI infrastructure, healthcare, manufacturing and select defence companies offer opportunities, while global yields and FPI flows remain key.