New Delhi, April 24 -- The Indian markets have bounced back impressively over the past two weeks. A pause on reciprocal tariffs, helped fuel this rally. But it's not the time to get carried away.

There's still a lot in flux. Rather than chasing potential winners in a global trade shuffle, we're focusing on businesses that are more insulated from political drama. And while smallcaps had a great week, we would advise against getting overexposed.

Stick to your asset allocation, stay selective, take a slow, staggered approach, and respect the margin of safety while buying stocks. In markets like these, protecting your capital is just as important as growing it.

The markets now seem to be getting over the tariff blues, and focusing on...