Today, let's blame it on the world for now. Even after a recent run of declines, we are in for a gap-down opening. The F&O expiry and a spate of results will add to the volatility. The market is also awaiting the release of Q3 GDP data later today in the US.The meaningful correction that had eluded us for long is underway even as we absorb a flurry of earnings. The big question is whether to buy on dips or loosen up a bit more given the uncertainty on the shape of recovery. Again murmurs of a double-dip recession will get louder till a rebound happens. Some recent economic reports from the matured economies have been a little disappointing.
Even in India, the latest data on infrastructure sector growth shows it is not going to be a smooth sailing. There could be further bumps ahead. For those who have booked profits when the going was good, you have the opportunities to put your money to better use.
