Room For A Correction In Mid-Cap Area: Christopher Wood Of Jefferies menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Capital goods have seen an FII inflow of $4.8 billion till August, overtaking the financial services sector at $4.06 billion. FII weightage in capital goods has increased from 4.4% at the start of January to 6.2% at the end of August, according to data from Emkay Global.
I mean, the risk-free rates in the US have gone back up to the peak levels that we saw back in March. So, when you are able to make a 5% risk-free rate in the US, then that is obviously going to be something that will put equity valuations all over the world into a question mark, so that is one thing that we need to keep in mind.