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  • Nifty corrects sharply after 400-point rally; 5 factors weighing on markets

    Quote by Raj Mehta in Moneycontrol, August 02, 2018

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    The original article could be seen here.

    Sensex at record high: Should you buy or sell shares, what experts say
    According to experts, the recent rally indicated that the market may have priced in all positives and valuations looked elevated, and as more than half of earnings season is done, slowly the focus will shift back to global cues.

    "We are away from 4 percent inflation target for some time now," the RBI governor said. "This in itself indicates an inflationary trend and we could be in for some surprises on the upside in repo rates," Raj Mehta, Fund Manager, PPFAS Mutual Fund said.

    He further said the direction and the trend of interest rates will remain upwards in the near future through the quantum and the frequency of rate hikes remain uncertain. "We think RBI's statement seems more hawkish than its stance on inflation and inflationary risks."

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