Whare Are We

A market correction was only waiting for a trigger since the beginning of this financial year and the IL&FS default just provided the spark.

In the last five weeks since the August 2018, after touching an all time high at 11760 levels, the Indian equity market have seen a vertical sell off. Macro concern emanating from higher crude prices and with rupee depriciation to all time low against US dollar. Nifty shed its (YTD) gain and down 12% from its all time high.

The Q2 results would starts from the current week and it will provide more clarity in terms of FY19 earnings.
Among sectors we prefer Pharma, Private Sector Banks, Consumer and Retail must be Focused.