As the Nifty witnesses cuts and the market declines, the focus has shifted to how things may pan out in the next few weeks – or months. Is the short-term movement of the Nifty and Sensex to be seen as an investment opportunity for the long term – specifically in sectors where a possible turnaround play is taking place? Maybe. The reality is that we are all impacted by short-term movements of the indices, especially when they are amplified by the media. So, make an effort to ignore corrections and look at sectors and stocks where course correction is happening in terms of the core business – that is, the operating matrix of the business.
