Sectorally, the market is divergent and chaotic and no single inference can be drawn upon.
For years, Dalal Street has presumed that Indian markets move in tandem with the US bourses.
Rollovers in derivatives are slightly better than that in the previous few months.
Although Indian indices attained new highs, certain sectors were conspicuously weak.
It is better to take a reactive trade rather than a predictive trade.
Investors must continue to keep a watchlist of quality companies for their portfolios.
Given Fed’s status quo on interest rates, global liquidity will flow into EMs like India.
Despite months of efforts, China and the US still have not been able to resolve their trade dispute.
The primary market is also witnessing a sudden surge in IPOs after a long lull through the whole of 2018.
Statistically, similar such corrections in the past have taken around a month’s time to correct.
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