be cautious

The comparative high interest rates are choking any meaningful high growth in indian economy.The coming of new RBI gov is a welcome step along with the expected lowering of bank interest rates that will definitely give a fillip to the indian economic growth rate. Most of the cos are now trading at fairely valued or overvalued levels. So it makes sense to be cautious & keep a bias towards sell side except in case where the growth of the co is very strong & the co has many years of growth & expansion in front of it.The microfinance sector is one such sector. GST is expected to be long term positive for the economy. So keep your fingers crossed & keep on looking for high growth cos. for investing in.