Amit Khurana discusses market correction trends, preference for bottom-up portfolio allocation, identifying opportunities in small and midcap stocks, backing real estate, alcobev, mid-sized banks, affordable housing, and midcap cement amid corrections. Khurana says: "This market is moving into a zone which is showing signs of correction. Some have played out and some are yet to play out."
The recent correction in the Indian stock market is relatively mild compared to other major markets. While global factors such as crude oil price spikes can contribute to corrections, India has outperformed many other markets. However, there are concerns in sectors like paints, where increased competition and higher raw material costs could impact profitability. "
Indian equity markets are on a roll as Nifty has crossed the psychological mark of 20,000. Watch this Visual Story to know whether the rally will continue and should you place your bets on large-cap stocks or mid-cap and small-cap shares.
Indian benchmark indices Nifty50, Sensex have jumped nearly 10% so far this year. While the rally is decent, midcap and small indices have outperformed the benchmark by some margin. Nifty midcap index has zoomed around 32% so YTD, and Nifty Smallcap index has rallied 33%. Will the rally in midcap, smallcap stocks to continue in despite high valuations? See what analysts say. Check top stocks ideas.