Things were going fine until this one had to come. Another rate hike of 50 bps. Sure enough markets felt the tremors and dived once again. Naturally the rate sensitives were the worst hit.
Best to wait for the outcome on US debt ceiling matter to clear up and if US can save the day, as it might well, for the stakes are too high, we can continue with our stock specific approach.
In the meantime appearance of L&T Finance Holdings IPO is truly providential. One can apply by all means.
Happy investing
Basudev
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