Key Points
Amisha Vora, Chairperson & MD, Prabhudas Lilladher, says for quite some time, the sentiment was intact and the correction was shallow and this was not so broad-based..
So once that sets in, it takes a little time for things to stabilise and then the bull market to resurrect or the advance to resurrect...
In the last 7-10 days, there was a broader correction across market caps,, less in Nifty but of course across market caps, a number of advance declines was also very sharp in favour of declines...
Amisha Vora: I would say that for some time and even now being with largecaps as an exposure little higher than before would definitely help and within that also we have as what I mentioned some select sectors which we think will do better and curtailing exposure a bit in midcaps and smallcaps would help...
It has more to do with the valuations that the correction is set in and the best part I still feel is that any such rally which got aborted in the past a decade or two was the time when the corporates were also getting over leveraged and they had a lot of debt on the balance sheet..
