Market Correction Not Because Of US, Says UTI AMC's Tyagi

Ajay Tyagi, head, equity, UTI Asset Management said Indian markets are going through correction because the valuations were unreasonably high not because of US or any external factors. Some pockets of Indian markets remained overheated. Tyagi also talks about which segments are still looking good to invest at this juncture. He also discussed stress in mid and smallcap segments.