The Indian markets had a rollercoaster ride last month. The markets headed lower during the first half of the month. It staged a sharp recovery on announcement of lowering of the corporate taxes. This could be one of the major turning points of the market in the days to come.
Recent corporate tax cuts will have a multiplier effect on the economy in the long run. This is a good time to increase your long term asset allocation in equities. Talk to your financial advisor for the same.