'Geopolitical risks and their impact on oil prices, if any, are another concern for global markets, particularly for India.'
Bulls might be on the rampage on Dalal Street but lofty valuations of the Indian equities present a reason for concern and the markets could perhaps witness up to 10 per cent correction, according to analysts. Benchmark indices have been on a record-breaking rally lately and August witnessed the stock market reaching many new highs. The BSE benchmark soared over 9 per cent last month.
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
'India seems to be on a relatively better wicket compared to other emerging markets.'
Mumbai will be without injured pace bowler Dhawal Kulkarni for their Ranji Trophy semi-final against Madhya Pradesh, starting February 13, at Cuttack.
Rohit Sharma has been included in Ranji Trophy champions Mumbai's 15-member squad for the warm-up game against the visiting New Zealand side at New Delhi from September 16-18.
At the auction, Arjun, a budding left arm pacer and a batsman, who had played unofficial Tests for India-U19, was among the few players in focus.
'At this moment, investors should look for relative value within sectors and clear visibility (third-wave-or-not) on earnings delivery.'
Vaibhav Gehlot, son of Rajasthan Chief Minister Ashok Gehlot, was elected president of the Rajasthan Cricket Association (RCA) as his panel swept all six posts in a tension-ridden election of the state body.
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