Investors are urged not to be disappointed by the fact that Nifty has failed to breach its all-time high of 18,887 just yet, as the index has still gained over 7.5% in Q1. The India VIX remains subdued at around 11, although at current levels investors will likely be choosy over their stock selections. Financial stocks have a 38% weightage in Nifty and a rally in banking stocks will be crucial for any future Nifty gains, however, recent profit-taking and concerns over renewed rate hikes are having a negative impact