India’s stock market correction is creating an accumulation opportunity in quality companies, but investors should retain 10–15% cash as elevated crude oil, a weaker rupee and poor market breadth keep near-term risks high, according to Sonam Srivastava, founder and CEO of Wright Research. She recommends favouring largecaps and staggering purchases over the next three to four months.
Edited excerpts from a chat on market outlook, sectoral opportunities and how to invest in this market:
