After September’s 2% rise in Nifty50, October began volatilely due to geopolitical concerns. Markets are currently facing challenges from multiple fronts. China’s stimulus has prompted FPIs to shift investments from India to China, causing selling pressure.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South