The Indian equity markets are experiencing a very positive outlook, with both benchmark indices reaching all-time highs in July 2023. IPO interest has increased, and some profit booking has been observed among small retail investors, while Foreign Portfolio Investors (FPIs) continue to be net with record participation in July 2023 (>Rs 42k crore), indicating strong market sentiment. Caution is advised due to potential headwinds from international factors like the U.S. Fed's rate hike indications and the ongoing war in Ukraine. The bet on Bharat continues to be very strong, positive, and attractive.