The meltdown sucked out Rs 3 lakh crore of investor wealth on Terrible Tuesday and market mavens said a mix of global and domestic factors had badly roiled the bourses. The possibility of higher interest rates is making bonds more attractive as an investment, prompting investors to shift some of their money out of stocks. Besides, investors in India turned extra cautious ahead of the RBI's two-day monetary policy meeting that began on Tuesday. While some expect the pain to continue for some more time, others believe that any correction should be used as an opportunity to scoop up quality stocks. We believe a correction is a good opportunity to pick up stocks with a 2-3-year perspective.

Source: The Telegraph February 06, 2018 21:11 UTC