Expert view, July 22 -- Gaurav Bhandari, CEO of Monarch Networth Capital, is positive about the Indian stock market and believes that recovery may be closer than most people think. In an interview with Mint, Bhandari emphasised the importance of discipline and said investors must continue their SIPs without interruption. Edited excerpts:

The Nifty peaked at 26,373 on 5 January 2026 and currently trades near 24,000, a year-to-date (YTD) decline of over 8%. Over the past 12 months, the index has been down 4%.

So yes, the headline numbers have been disappointing for investors who entered at the peak. But let me offer a different lens.

The correction has been valuation-driven, not fundamentals-driven.

Corporate earnings for the Nifty 500 ...