New Delhi, Nov. 27 -- Amar Ambani, stock market analyst and executive director at YES Securities, on Thursday, November 27, observed that it's time investors moderated their expectations of returns from the Indian stock market to a more reasonable yet healthy 12-14% after almost three years of 20%-plus returns.

Ambani's comments come on a day when the Indian stock market's benchmark indices Sensex and Nifty rose to fresh all-time highs after a gap of 14 months. Despite rallying sharply in intraday deals, the indices ended flat, signalling caution at higher levels.

Ambani said that investors should not write off India because it's going through a difficult phase, and he believes the medium-term outlook remains healthy even though the nea...