New Delhi [India], February 25: For nearly a decade, Indian stock markets have been on a relentless rise, shrugging off global crises, foreign investor pullouts, and economic slowdowns. Even during the pandemic, when the economy contracted sharply, the Sensex and NIFTY 50 continued their upward march. According to Dhruv Goyal, Founder of Four Lion Capital, this resilience stems from two key factors: strong earnings growth and an unprecedented flood of domestic capital. However, with valuations soaring--particularly in small and mid-cap stocks--investors are now asking: Is this the beginning of a new golden era for Indian equities, or are we inching toward a bubble waiting to burst?