ETMarkets Smart Talk: India remains an island of stability but a 5-8% correction in short term is possible: Nishit Master

Nishit Master says: India’s equity markets remain stable with strong corporate balance sheets and earnings. Valuations are stretched but sustainable in the long run. A 5-8% correction is possible in the short term. The upcoming budget is a Vote on Account with no major policy announcements expected. Defence, railways, and capital goods companies will be in focus. Stability in regulatory environment and fiscal policy is crucial for investors.