But one thing is for sure, metal is getting heavy battering. Sesa Goa has breached 400 and is trading at around 390 amid Chinese weakness. I have large exposure in this stock, but I am not worried too much. It will come back again. So not a problem if you are aan investor and not a Trader. I'll buy some more when it reaches the bottom.
Other stocks like Hindalco, Sterlite Induatries, all have slipped a lot in the past two days.
Banks are doing well even amid this correcting market. Axis Bank, PNB, SBI are doing good. Karur Vysya is poised for new high again. I just love this stock. I think the banks will have even better run once this correction and negativity is over.
Almost all banks are doing good. And so is pharma. I like Glenmark; but now it is trading close to 52 weeks high and difficult to enter. I'll wait for the dips. Cipla and Aarti Drugs also looking good.
Another sector that is getting battering is cement. I do not have too much exposure to this. Have some Ultratech cement, which has been slipping continuously. I'll just hold and wait for it to come back.
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