Markets last month was in the grip of extreme negativity till third week of September, markets also reflected extreme pessimism, but the announcement from the government on corporate tax cuts bought the change in sentiment and revived the markets by 5%+ in a single day , but the market movement was short lived and corrections followed thereafter.

The Silver lining is that the Government has taken steps and has intervened to address the issues faced in the economy and shown the intent to continue in that direction, which is a good thing. Portfolios will look better compared to august, we believe the month of october will see spurt in sales of consumer goods due to festive season and would lift the sentiments of the markets and investors.