With the Nifty PE nearing 21x and monthly SIPs hitting record highs, should we be concerned about buying quality companies at high valuations? How do I actually separate genuine long-term opportunities from the current wave of expensive optimism in the market?

If RBI decisions and global factors like U.S. rates and FII flows are creating short-term volatility, should I reconsider whether the current market already reflects these risks, or if some sectors might actually be offering overlooked opportunities right now?