Update: "Today's Market Fall" - Poster boy of the recent rally i.e. PSU Stocks (E.g. Mazgaon, Texmaco Rail, BEML Ltd, Cochin Shipyard, RVNL, BHEL etc.) might have made peak.

We do not see long term pain/impact on our stocks. Stay Invested.

👉 As a rule, generally we do not prefer/invest in PSU stocks, though we have few B2G (Business to Govt.) stocks and today's sudden correction in the market was lead by PSU stocks. Across the board sell-off were visible, portfolios were down from 2.5-5% in general in a single day.

👉 May be market leadership will change post this corrective phase (in case if this correction extended it will be for max 3-4 days). May be large cap stocks will take the lead and drive Nifty further.

👉 SME Stocks were in bubble zone (but do you know that BSE/NSE SME Index has delivered highest returns in last 10 years, last 5 years, last 3 years and only in last 1 year along with SME stocks, Nifty PSU Index was up 50%) but they will continue to remain in bubble and deliver maximum returns over the next 3-5 years too, this is because that is where innovative & creative businesses are getting listed, hence do not miss SME Stock in case if you have descent capital. In our opinion, Start-up will prefer to get listed instead of PE or VC funds and these start-ups will take the driver seat. When we say SME stock, we means to say SME, Micro-Cap & Small Caps collectively.

👉 It's normal & healthy to see some corrections in between the non stop rally which we have seen in small caps during last 6 months.

👉 There is nothing much to panic, as mentioned before 2023 will be your last and final call to pick best quality stocks because 2024/2025 will witness massive rally inspite of election or any other events. This is because when you see the big picture you will find that our economic growth is for real and driven by govt capex, supported by private capex and growth in housing which we all are seeing now.

👉 Focus on stocks which are not correcting much in these intermittent correction because they will give you the best returns.

👉 As of now there is no bad news in the public domain taking the responsibility of today's fall but yes, I agree that today's fall too me too surprise.

👉 As a long term investors, one should start buying the stocks from the list of stocks shared under to buy @cmp which was mentioned last week along with the performance updates.