Expect some correction in Oct-Nov, may increase cash in portfolio: Sandip Sabharwal

August-September should be fine for the stock market, but valuations have become extended in the short run, according to Sandip Sabharwal. Investors should prepare for some corrections in October and November, and he plans to increase some cash in portfolios in September. The overall industrial outlook is positive, and infrastructure projects have increased substantially, but Sabharwal sees short-term bouncebacks in the metals sector rather than sustainable growth.