The most awaited correction is here; upbeat on hsg fin cos: Experts

In an interview to CNBC-TV18 Raamdeo Agrawal, Co-Founder & Joint MD of Motilal Oswal Financial Services and Siddharth Bothra, Sr VP-Fund Manager at Motilal Oswal AMC shared their readings and outlook on the market and specific sectors.

Agrawal said the recent correction came mainly because of rich valuations in the market. One has been waiting for a correction and it has come, he said.

While the domestic sales of organised players remain stable post goods and services tax (GST), the pain is being felt by the unroganised sector, he said.

According to him, while the market will remain stable there could be more of stock specific movement due to earnings.

Bothra said financials continue to look attractive and he continues to be bullish on housing finance companies.