'Due to robust profit growth potential and increased demand from domestic and global investors, Indian shares remain appealing despite high relative valuations. The premium over the historical average implies increased optimism about medium-term growth. Markets will be impacted in the near term by events such as the Fed's monetary policy stance, corporate earnings, and election results. However, the markets' vulnerability to foreign flows would be much lower, at least in the medium run. If a correction occurred because of foreign outflow - that could be an opportunity to invest in an otherwise extremely good underlying narrative.