The other companies which could potentially benefit just because of the valuation correction would be the consumer names which we have been talking of that consumer names are more near the bottom and to that extent, they should be accumulated now and they always tend to outperform in a risk-off mode in any case.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a