Nilesh Shah of Envision Capital says it is not time to panic. Big bear markets were seen during COVID, during the global financial crisis or during 9/11. They lasted for six to nine months. India peaked out about six months ago. Maybe it is a question of another three to six months. It is better to bide the time and be more prepared for the next round of up move.
PSU banks attract strong FII, DII interest as promoters reduce exposure: Motilal Oswal
Public Sector Undertaking banks are now favourites. Foreign Institutional Investors and Domestic Institutional Investors are showing increased interest. FII stakes in PSU companies rose to