Indian equities could be headed for fresh record highs before the end of the year, despite ongoing concerns around global markets and investor sentiment. While volatility may continue in the near term, the broader outlook appears constructive as foreign selling pressure eases and domestic fundamentals remain supportive. Sandeep Tandon, Founder & CIO, Quant Mutual Fund, believes investors should focus less on index levels and more on identifying the right stocks and sectors. According to him, the market could potentially touch new all-time highs as early as November, making this an important period for stock selection. He argues that concentrated portfolios with strong conviction ideas may outperform diversified strategies that simply mirror benchmark indices. In the current environment, generating alpha will depend more on smart stock picking than on the overall direction of the market.