Markets are telling something which we should pay attention now, earning season till now has shown muted growth, might be reason FIi heavy selling of 72K is observed in Oct month, do check your portfolio stocks where too much exuberance has been built up, if current correction is prolonged than it will eventually reduce SIP flows and direct equity investment and situation will cascaded, even RBI is unhappy as too much money is pumped up in equity markets as banks are unable to raise deposits, banks can’t function without deposits. Scary times ahead. Auto is reverse gear, real state is at peak of cycle, Capital goods are grossly over expensive, chemical has its own issues, selective pharma, local consumption some ray of hope, time to be cautious now.
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