Asking The Right Questions Before Taking Action During Market Rout

Indian equity benchmarks have entered a correction zone, dropping over 12% from their September peak. Mid- and small-cap stocks have taken the biggest hit, with their benchmark indices falling more than 22%. Most stocks have declined due to weak Q2 and Q3 earnings, estimate cuts, expensive valuations, and continuous foreign portfolio investor (FPI) selloffs. The rupee has been hitting record lows, and gold has been surging to record ...