Key Points
We have seen what is happening in chemicals, speciality chemicals and metals as well while Chinese markets are down..
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says it may not be a bad thing for the markets to consolidate after having moved up so much..
And those triggers can come out of the Jackson Hole meeting commentary of the US Fed Chair on Friday, or it can happen with news of monsoons good progress, delivering the right amount of rainfall across the country so that the cultivation of the next round of crops does not suffer...
Obviously, there is a little bit of profit booking or less investments coming into India from outside and that has led to a bit of a consolidation in our markets...
We have seen what happens in metals when Chinese markets are down and a whole lot of other things will face challenges..
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