Indian stock market has been very volatile for at least one month. FIIs are selling hugely, according to data, more than 1 lakh cr.
On one hand, China's rate cut has enthused investors to invest in their market. Dont know how sustainable that rally is. Us election is very close now. Most of the companies are not going spree on investment. Hope that comes soon after the election result.
On the other hand, Indian companies are cautious because of slowing down the economy. Earnings season looks pessimistic. Most of the companies are not in line or beating the estimates. Stretched valuation in some pockets has kept investors away for some time. Until a healthy correction, there exits caution.
Us rate cut has already started. Yet the economy is doing fine. Bull market is intact there also.
In the meantime, if one wants to buy stocks, be careful with the valuation. Some pockets can still give buying opportunities. There you need some education. Blindly one should not invest.