A quote on the markets today by Devang Mehta, Sr. VP & Head – Equity Advisory, Anand Rathi Financial Services.

A quote on the markets today by Devang Mehta, Sr. VP & Head – Equity Advisory, Anand Rathi Financial Services.

“Markets were nervous on the back of tepid IIP data & the sensex & nifty constituents continued to correct after a fast & furious rally. Frontline stocks are also in a pause mode in anticipation of clearer hints from the US Federal Reserve later this week. The broader markets kept the momentum alive with quality stocks from mid & small cap universe showing good traction. It is encouraging to see the market breadth still being positive amidst this small round of correction & a bottoms-up approach towards stock picking will reward investors in the longer term.”