Market crash: 11 of 17 Nifty sector indices in correction mode; auto, PSU hit

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Market crash: 11 of 17 Nifty sector indices in correction mode; auto, PSU hit - Business Standard

Quick Summary:

An index or a stock is said to be in a 'correction' phase when it has dipped over 10 per cent and up to 20 per cent from its recent peak level.

However, the SMC segment has many unique and diversified sectors / products / services that offer continued growth prospects or hold deep value after the recent correction,” he said.

In this backdrop, he suggests investors start cherry-picking stocks from the mid-and small-cap (SMC) segments where there is earnings visibility and the latest quarterly numbers were robust.“The time is ripe to increase the exposure to quality SMC stocks.