However, it is possible that the Nifty has topped out in the short-term. It was down 2% last week, on increased macro and corporate concerns. The biggest worry is the economy’s recent under performance as companies and individuals try to adjust to the dual policies of demonetization and the introduction of the GST tax.
@conversation test message
The recent bout of USD strength certainly hasn't help this equity weakness. Time to look in some profits. Hard to see significant EM strength between now and year end if US yields are going to continue to rise at the margin