
For all those who are now turning bullish, a small reminder: Mid-cap stocks have been in correction mode for the last one year. If you look at their long-term track record, such corrections do happen at regular intervals. So, be ready to face them… and also ignore them. Having said that, our base case assumption is that the markets are likely to trade with bullish bias in the near future. The whole point as one moves forward would be to look at what you are buying and why. Just to put this in perspective: Which stock should one pick up in the banking sector? The criteria for that choice has to be very different from when you pick a stock in the infrastructure space. So, choose the right yardstick.